29August2022| 11:40 Europe/AmsterdamECLGS Continues to Catalyse Revival of MSMEs across India
08August2022| 15:16 Europe/AmsterdamMSME Credit Disbursement Accelerates While Credit Quality Stays Stable
19July2022| 13:48 Europe/AmsterdamIndia Retail Credit Market Builds on Strong Fundamentals as it Trends ..
More than 160 Million Indians are Credit Underserved
TransUnion CIBIL Insights Show That Women Exhibit Better Credit Profiles
TransUnion CIBIL CMI Indicates Stability in the Retail Credit Market
TransUnion CIBIL Partners with FICCI on a Unique Nation-wide MSME Consumer Education Program
Report Released by TransUnion CIBIL on ECLGS Highlights Scheme’s Success
· 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 ...