The government may extend the MSME loan scheme, ECLGS (Emergency Credit Line Guarantee Scheme), beyond October to achieve Rs 3 lakh crore of guaranteed loans to businesses.
The decision will be taken in terms of either modifying or extending the scheme. Around Rs 1.93 lakh crore of loans has been sanctioned and more than 75 percent disbursement has happened but it has fallen short of reaching lending aim by over Rs 1 lakh crore.
The government is looking at various options and is aiming to fully expend unutilised amount under the scheme. The scheme, most likely, will be extended till December. CNBC-TV18’s Sapna Das has more details.