CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the new timeline for which Emergency Credit Line Guarantee Scheme has been extended by the government?

A	May 31
B	June 30
C	July 31
D	April 30

Explanation:

Detailed explanation-1: -Scope of Emergency Credit Line Guarantee Scheme (ECLGS) enhanced and validity extended till 31.3. 2023.

Detailed explanation-2: -4.5 Lakh crore to Rs. 5 Lakh crore for these sectors which will valid till 31st March, 2023.

Detailed explanation-3: -In addition to this, 100% guarantee for additional funding up to Rs 4.5 lakh crore for Covid-affected MSMEs was sanctioned. Finance Minister Nirmala Sitharaman as a part of the Union Budget 2022 announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to March 2023.

Detailed explanation-4: -Last date of disbursement under fund based facility and utilization of LC under non-fund facility shall be June 30, 2022. The last date of disbursement for fund based facility under the scheme shall be June 30, 2023.

Detailed explanation-5: -Recognising this, in Union Budget 2022-23, it was announced to extend validity of ECLGS upto March, 2023 and increase in the limit of guaranteed cover of ECLGS by Rs. 50, 000 crore to total cover of Rs.

There is 1 question to complete.