Emergency Credit Line Guarantee Scheme outreach programme held in Coimbatore

Micro, Small and Medium-scale Enterprises successful Coimbatore person appealed to the authorities to supply funds nether the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 without asking for collateral.

This was 1 of the issues raised by the MSME owners astatine an outreach programme held astatine the CODISSIA Trade Fair Complex successful Coimbatore connected June 5 regarding the scheme.

While respective MSME units person been approved of funds nether the ECLGS, determination are galore applications that person not seen immoderate progress, they added.

Organised by the State Level Bankers’ Committee (SLBC), Tamil Nadu, and Canara Bank, the pb slope for Coimbatore district, the programme is aimed astatine familiarising MSMEs, banks and manufacture associations astir the scheme’s eligibility criteria, operational procedures, warrant sum and benefits.

Representatives of the National Credit Guarantee Trustee Company (NCGTC), JanSamarth/PSB Alliance, SLBC and assorted banks made presentations and addressed queries raised by participants during an interactive session, said an authoritative property release.

More than 300 MSME entrepreneurs, bankers, manufacture representatives and officials of fiscal institutions from Coimbatore and neighbouring districts attended the programme, the merchandise added.