Present her fourth Budget today, February 1, for the financial year 2022-23. Finance Minister Nirmala Sitharaman said guarantee cover for Emergency Credit Line Guarantee Scheme (ECLGS) will be expanded by Rs 50,000 crore to a total of Rs 5 lakh crore.
The ECLGS was launched by the government as part of its Rs 20 lakh crore comprehensive package, which was announced by the Finance Ministry on May 13, 2020.
The Economic Survey has said that till November 19, 2021, a total amount of Rs 2.28 lakh crore was disbursed to 95.2 lakh borrowers, impacting 5.45 crore employees. The scheme has been extended till March 31, 2022.
For all the latest updates on Union Budget 2022, follow our LIVE blog here
For full coverage of Union Budget 2022, click here
(Edited by : Thomas Abraham)
First Published: Feb 1, 2022 11:40 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Stampede-like situation disrupts Rahul Gandhi, Akhilesh Yadav's joint rally in Uttar Pradesh
May 19, 2024 4:26 PM
Ladakh Lok Sabha election: With Independent candidate's entry, it's now a 3-way contest for BJP and Congress
May 19, 2024 4:01 PM