New Delhi, May 23 -- The Indian government is exploring the introduction of an expanded version of the Emergency Credit Line Guarantee Scheme (ECLGS) as part of efforts to strengthen manufacturing capabilities and enhance export competitiveness amid global economic uncertainties.

The proposal represents a revival of the pandemic-era credit support mechanism, which concluded in March 2023.

The initiative forms part of a comprehensive strategy to improve financing access for manufacturers, particularly those operating within the framework of the Atmanirbhar Bharat initiative, four sources familiar with the matter told Mint.

The expanded scheme would specifically target credit-constrained sectors while supporting both large-scale manufact...