New Delhi, June 11 -- Even as the recently-launched Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen impressive response from firms affected by West Asia crisis, the government has extended the Credit Guarantee Scheme for Microfinance Institutions 2.0 (CGSMFI-2.0) deadline to further ease their financial strain.

The two credit support schemes are expected to provide a cash cushion to businesses, particularly small enterprises, in the face of disruptions caused by the ongoing West Asia crisis.

The combined guarantee coverage under the two credit support schemes now exceeds Rs 49,000 crore.

ECLGS 5.0: Over One Lakh Guarantees in Six Weeks

The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, approved by the Union Cabinet on...