The Government of India may extend its Rs 4.5 trillion Emergency Credit Line Guarantee Scheme (ECLGS), which ends on March 31, 2022, to the next financial year. It is because a large number of micro, small and medium enterprises (MSMEs), particularly in the services sector, still need liquidity support as the Covid-19 pandemic is not yet over, and new variants are emerging. Under the ECLGS scheme, MSMEs and professionals are eligible to get additional working capital finance in the form of a term loan. Besides providing liquidity support to more than 10 million business enterprises, the scheme has protected about 54.5 million jobs.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.