New Delhi, Jan. 30 -- The Government of India has rolled out multiple credit and equity support measures to strengthen access to finance for Micro, Small and Medium Enterprises (MSMEs), Minister of State for MSME Shobha Karandlaje informed the Rajya Sabha.

Under the Emergency Credit Line Guarantee Scheme (ECLGS), launched in May 2020 as part of the Aatmanirbhar Bharat Abhiyaan, 1.13 crore guarantees worth Rs 2.42 lakh crore were extended to MSMEs till its closure on March 31, 2023.

A State Bank of India study noted that 14.6 lakh MSME accounts, largely micro and small units, were saved due to the scheme.

Credit Guarantee Expanded

To further ease credit access, the Credit Guarantee Scheme (CGS) for Micro and Small Enterprises was revam...