SBI Research Projects Widespread MSME Support Through ECLGS 5.0 Expansion
Expanding Financial Lifelines A new report from SBI Research indicates that the latest iteration of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) will provide vital financial support to approximately 45% of all Micro, Small, and Medium Enterprises (MSMEs) in India. This government-backed initiative aims to bolster liquidity for roughly 1.1 crore MSME accounts, offering…