Newsroom TransUnion CIBIL

29
August
2022

·       83% of borrowers that availed ECLGS up to March 2022 were micro enterprises**

·       Public sector banks contributed to 42.8% of funding while private sector banks offered 43.1% of funds disbursed under this scheme

·       Maharashtra saw the highest disbursement amount (13.6%) while Uttar Pradesh has highest (35%) avail rate

·       NPA rate (March 2022) of borrowers who availed ECLGS facility (4.8%) is lower than the NPA rate of borrowers who were eligible but did not avail the facility (6.1%)

Mumbai, August 29, 2022 – The Emergency Credit Line Guarantee Scheme (ECLGS) has been successful in helping Indian businesses navigate through the economic crisis caused by COVID-19, and catalysed the revival of MSMEs during and after the pandemic. That’s according to the second edition of the ongoing TransUnion CIBIL study on the ...