MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) to (c): The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of the Aatmanirbhar Bharat Abhiyaan to support eligible Micro, Small and Medium Enterprises (MSMEs) and other eligible business enterprises in meeting their operational liabilities and restarting their businesses in the context of the disruption caused by the COVID-19 pandemic. It covered all the sectors of the economy. 100% guarantee is provided to Member Lending Institutions (MLIs) in respect of the credit facility extended by them under the scheme to eligible borrowers. The scheme has been amended several times to respond to emerging needs of the economy and sectors adversely impacted by the pandemic. Based on information furnished by the National Credit Guarantee Trustee Company Limited (NCGTC), the agency which operates the scheme, the year-wise and State-wise number and amounts of guaranteed loans sanctioned to MSMEs and guarantees issued on account of such loans under ECLGS (along with category-wise break-up), are at Annex I and Annex II respectively.
As per a research report dated 6.1.2022 on ECLGS, authored by the Group Chief Economic Advisor of the State Bank of India, almost 13.5 lakh MSME accounts were saved from slipping into non-performing asset (NPA) classification due to ECLGS, of which about 93.7% of the accounts were in the micro and small enterprises categories.
(d): Beside ECLGS, a number of other measures have been taken to further help MSMEs in the context of the pandemic, including the following:
(i) 2% subvention on interest rate has been provided for loans to MSMEs of up to Rs. 50,000 under Pradhan Mantri Mudra Yojana.
(ii) A credit guarantee scheme for micro-finance institutions (MFIs) has been launched in June 2021 as part of the Economic Relief Package to support the economy in the fight against the pandemic. Under this, 75% guarantee cover is provided to commercial banks for the funding provided by them to MFIs for on-lending to eligible small borrowers.
(iii) The Ministry of MSME has launched a Credit Guarantee Scheme for Subordinate Debt, under which promoters of eligible stressed MSME units can avail of subordinate debt of up to 15% of the promoter’s stake or Rs. 75 lakh, whichever is lower, for infusion by the promoter as equity/quasi-equity in the MSME unit.
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Lok Sabha Un-starred Question no. 1925 for 14th March 2022, regarding “Assistance under ECLGS”
Annex I
Number and amounts of guaranteed loans sanctioned to Micro, Small and Medium Enterprises and guarantees issued on account of such loans under Emergency Credit Line Guarantee Scheme (ECLGS)
Financial year Unit category Number of guarantees issued Loan amount guaranteed
(in crore ?)
2020-21 Micro 83,34,719 60,423.05
Small 4,47,672 60,345.85
Medium 2,57,182 35,941.62
Total 90,39,573 1,56,710.52
2021-22 (till 28.2.2022) Micro 20,72,292 16,186.52
Small 80,194 20,630.41
Medium 7,810 17,787.08
Total 21,60,296 54,604.01
Source: National Credit Guarantee Trustee Company Limited
Lok Sabha Un-starred Question no. 1925 for 14th March 2022, regarding “Assistance under ECLGS”
Annex II
Number and amounts of guaranteed loans sanctioned to Micro, Small and Medium Enterprises (MSMEs) and guarantees issued on account of such loans under Emergency Credit Line Guarantee Scheme (ECLGS)
S. No. State / Union territory Micro Small Medium All MSMEs
Number of guarantees issued Loan amount guaranteed (in crore ?) Number of guarantees issued Loan amount guaranteed (in crore ?) Number of guarantees issued Loan amount guaranteed (in crore ?) Number of guarantees issued Loan amount guaranteed (in crore ?)
1 Andaman and Nicobar 1,350 53.47 270 61.86 434 8.80 2,054 124.13
2 Andhra Pradesh 2,03,461 3,138.88 24,645 3,315.60 5,775 1,641.61 2,33,881 8,096.09
3 Arunachal Pradesh 1,382 26.47 248 33.15 344 10.86 1,974 70.48
4 Assam 5,09,612 1,416.26 5,942 786.55 26,918 527.35 5,42,472 2,730.16
5 Bihar 7,52,748 2,110.87 15,435 1,045.30 11,168 506.56 7,79,351 3,662.73
6 Chandigarh 4,347 204.42 1,197 282.41 638 226.73 6,182 713.56
7 Chhattisgarh 1,75,799 1,256.44 10,310 1,482.34 4,378 949.29 1,90,487 3,688.07
8 Dadra and Nagar Haveli and Daman and Diu 1,924 66.41 637 156.33 442 164.52 3,003 387.26
9 Delhi 65,499 3,038.34 15,554 4,554.22 10,660 3,627.41 91,713 11,219.97
10 Goa 9,921 186.70 1,411 256.08 202 405.11 11,534 847.89
11 Gujarat 2,83,627 5,596.12 39,087 8,145.16 18,210 6,731.03 3,40,924 20,472.31
12 Haryana 1,55,865 2,807.56 20,309 3,866.93 11,107 2,399.12 1,87,281 9,073.61
13 Himachal Pradesh 38,913 674.58 5,609 669.02 2,312 303.00 46,834 1,646.60
14 Jammu & Kashmir 24,986 491.13 6,270 383.19 2,327 277.60 33,583 1,151.92
15 Jharkhand 2,72,739 1,437.56 10,428 1,038.38 5,989 498.64 2,89,156 2,974.58
16 Karnataka 8,11,318 4,902.72 29,931 5,211.76 13,033 3,956.36 8,54,282 14,070.84
17 Kerala 4,98,543 2,969.50 18,504 3,005.59 7,243 1,528.89 5,24,290 7,503.98
18 Ladakh 683 31.26 128 9.67 10 1.02 821 41.95
19 Lakshadweep 363 1.80 6 0.09 - - 369 1.89
20 Madhya Pradesh 5,07,822 3,192.78 24,987 2,696.70 9,339 1,313.72 5,42,148 7,203.20
21 Maharashtra 8,71,310 8,620.78 60,617 11,038.21 23,566 9,076.68 9,55,493 28,735.67
22 Manipur 8,996 51.67 444 36.64 108 13.94 9,548 102.25
23 Meghalaya 9,292 55.41 283 46.34 1,579 54.51 11,154 156.26
24 Mizoram 2,847 22.16 234 22.11 306 4.26 3,387 48.53
25 Nagaland 7,081 37.93 160 24.00 5 1.07 7,246 63.00
26 Odisha 8,88,852 2,223.44 17,249 1,676.94 9,579 827.96 9,15,680 4,728.34
27 Puducherry 20,267 131.30 1,193 171.05 216 82.32 21,676 384.67
28 Punjab 1,72,733 2,893.92 21,386 3,016.97 5,621 1,573.85 1,99,740 7,484.74
29 Rajasthan 4,71,737 5,135.21 37,844 4,827.63 10,711 2,192.65 5,20,292 12,155.49
30 Sikkim 6,934 45.85 794 36.55 343 16.03 8,071 98.43
31 Tamil Nadu 7,71,054 8,004.50 59,089 9,193.89 17,371 6,038.90 8,47,514 23,237.29
32 Telangana 87,769 2,388.83 20,348 3,510.20 8,060 2,436.16 1,16,177 8,335.19
33 Tripura 58,869 186.22 892 54.49 1,996 26.21 61,757 266.92
34 Uttar Pradesh 7,05,625 6,632.01 43,938 5,309.01 25,238 2,979.16 7,74,801 14,920.18
35 Uttarakhand 59,876 905.76 5,491 994.14 3,528 571.71 68,895 2,471.61
36 West Bengal 19,42,867 5,671.34 26,996 4,017.76 26,236 2,755.65 19,96,099 12,444.75
Total 1,04,07,011 76,609.60 5,27,866 80,976.26 2,64,992 53,728.68 1,11,99,869 2,11,314.54
Source: National Credit Guarantee Trustee Company Limited
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