New Delhi, June 10 -- The government-backed Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 programme has crossed a major milestone within weeks of its launch, with more than one lakh guarantees issued and over Rs.48,000 crore worth of credit guarantees sanctioned, according to the finance ministry.

The scheme, approved by the Cabinet on 5 May 2026, has issued 1,06,549 guarantees amounting to Rs.48,484.26 crore as of 9 June. Of the total guarantees issued, 96% by number and 86% by value belong to the micro, small and medium enterprises (MSME) sector, underscoring the scheme's focus on supporting smaller businesses.

Public sector banks have played a dominant role in the rollout, accounting for 96% of the guarantees issued, helping acc...