Newsroom TransUnion CIBIL

ECLGS has boosted MSME credit supply. Majority of originations are towards ETB (existing-to-bank) segment and Non-Metro locationsHigher CIBIL Rank downgrades are seen in sectors dependent on consumer discretionary spends and the Micro loans segment100% credit guarantee scheme has increased approval rates, which are now higher than pre-COVID-19 levels

Mumbai, 18 February, 2021: Findings from the latest edition of the TransUnion CIBIL-SIDBI MSME Pulse Report indicate that under the aegis of the Government’s Emergency Credit Line Guarantee Scheme (ECLGS), commercial credit enquiries surged 58% year-on-year (YoY) in June’20 and stabilised toward the end of the year, up around 13% (YoY) as of Dec’20, which is similar to pre-COVID-19 growth levels. The total on-balance-sheet commercial lending exposure in India stood at ₹71.25 lakh crores i...