MSME Loan Guarantee Scheme Saved 1.5 Crore Jobs: A SBI Research Study
The emergency credit line guarantee scheme (ECLGS) launched by the government amid the COVID-19 pandemic helped 13.5 lakh MSME units, saved 1.5 crore jobs and prevented 14% of MSME loans from turning into non-performing assets (NPAs), says a SBI Research study. “We