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Under the Emergency Credit Line Guarantee Scheme, MSMEs will get guaranteed emergency credit at interest rates of up to how much per cent from banks?

Under the Emergency Credit Line Guarantee Scheme, MSMEs will get guaranteed emergency credit at interest rates of up to how much per cent from banks? Correct Answer 9.25

  • The Union Cabinet has approved additional funding of up to Rs 3 lakh crore through the Emergency Credit Line Guarantee Scheme (ECLGS).
  • This will help Micro, Small and Medium Enterprises (MSMEs) sector reeling under the impact of coronavirus pandemic.
  • Under this scheme, MSMEs will get guaranteed emergency credit at interest rates of up to 9.25 per cent from banks.

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