3 weeks ago
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Andhra Pradesh Minister for MSMEs, SERP, and NRI Empowerment Relations, Kondapalli Srinivas, has welcomed the Centre’s determination to present the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to enactment the industries affected by the ongoing struggle successful West Asia.
In a connection issued connected Friday, the Minister said the strategy would guarantee important fiscal assistance for micro, tiny and mean enterprises (MSMEs) by extending further recognition facilities backed by a Central government’s guarantee.
He said the inaugural would assistance industries flooded liquidity accent and fortify their operations amid the planetary uncertainty.
Andhra Pradesh presently has astir 20.77 lakh MSME units. Of these, astir 4.98 lakh units, constituting astir 24 per cent, are engaged successful the manufacturing sector, portion astir 10 lakh units, accounting for 48 per cent, run successful the services sector. Another 5.74 lakh units, representing 28 per cent, are progressive successful concern and trading activities.
Mr. Srinivas said the ECLGS 5.0 strategy offers 100% recognition warrant sum for MSMEs successful the lawsuit of indebtedness default, portion non-MSME sectors would person up to 90% warrant coverage.
Eligible borrowers tin avail of further moving superior assistance of up to 20% of the highest moving superior utilised during the 4th fourth of the 2025-26 fiscal year. Under the scheme, each borrower tin person further loans up to ₹100 crore. The strategy volition use lone to loans sanctioned earlier March 31, 2027 and disbursed by June 30, 2027, helium said.
The Minister clarified that lone borrowers maintaining regular repayment records with banks and fiscal institutions would beryllium eligible for the scheme.
He added that the National Credit Guarantee Trustee Company Limited (NCGTC) would independently instrumentality and show the programme. Mr Srinivas urged MSMEs affected by the West Asian situation to utilise the installation to fortify their businesses.
