Ministry of Finance

Emergency Credit Line Guarantee Scheme (ECLGS) – UPSC Prelims

Emergency Credit Line Guarantee Scheme (ECLGS): Emergency Credit Line Guarantee Scheme(ECLGS) launched as part of the Covid-19 relief package called the Atma Nirbhar Bharat Abhiyan. Aim: To provide Rs 3 lakh crore worth of collateral-free, government guaranteed loans to micro, small and medium enterprises(MSMEs) across India. It aimed to mitigate the distress caused by the coronavirus-induced lockdown. …

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Concessional Financing Scheme (CFS)

Aim is to provide concessional finance for investment in strategic important projects abroad.   Scheme: CFS was launched in 2015-16. Under CFS, Ministry of External Affairs (MEA) selects specific projects keeping in view strategic interest of India and sends same to Department of Economic Affairs (DEA). The strategic importance of project to deserve financing is …

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