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Emergency Loan Guarantee Scheme: Is The Modi Government's Bet Paying Off?

The emergency credit line guarantee scheme, or ECLGS, similar to business rescue efforts being implemented in other countries like the U.K., was meant to serve as a lifeboat. The government would guarantee loans to small businesses, which would enable banks to lend them funds needed to stay afloat. ....

Suman Chowdhury , Chandrakant Salunkhe , National Credit Guarantee Trustee Company , Ratings Research , Finance Ministry , Chief Analytical Officer ,