ECLGS shoud be made industry-friendly: SISPA

AI Summary

The Emergency Credit Line Guarantee Scheme (ECLGS) intended to support MSMEs often faces challenges due to inconsistent documentation and unclear sanction timelines across banks. SISPA advocates for making the scheme more industry-friendly to enhance accessibility.

Emergency Credit Line Guarantee Scheme, which aims to provide additional liquidity support to MSMEs, are often out of bounds for many units owing to different banks adopting different documentation requirements and lack of definite timeline for sanction and disbursement of funds