New Delhi, April 16 -- The Ministry of Micro, Small and Medium Enterprises (MSME) is in discussions with the Department of Financial Services (DFS) to explore a credit guarantee scheme similar to the Emergency Credit Line Guarantee Scheme (ECLGS), aimed at supporting MSMEs affected by the ongoing West Asia crisis.

MSME Ministry Additional Secretary Rajneesh was quoted by PTI as saying, "We are in constant touch with the Department of Financial Services regarding ECLGS kind of a mechanism. So, at an appropriate stage I will be in a position to share further details on this."

Raw Material Support and Stakeholder Engagement

The secretary noted, the ministry is also working through its field officers with industry bodies and National Small...