ECLGS 2.0 is one of India’s most effective crisis-era credit interventions.
It kept MSME credit moving by shifting risk—not burden—through NCGTC’s guarantee.
No new collateral. No market distortion. Just liquidity when it mattered.
A useful model for future stress-response policies.
For more: https://www.ncgtc.in/en/product-details/ECLGS/Emergency-Credit-Line-Guarantee-Scheme-(ECLGS)
