Government extends Emergency Credit Line Guarantee Scheme by one year until March 2023

Central Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one year, beyond March 2022 until March 2023.
The total amount to be sanctioned under the ECLGS 3.0 scheme has also been increased from Rs 4.5 lakh crore to Rs 5 lakh crore.
As on March 25, 2022, Rs 3.19 trillion loans has been sanctioned under the ECLGS scheme.
The ECLGS was announced as part of the Aatma Nirbhar Bharat Package of Central Government to provide fully guaranteed and collateral-free additional credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers.

Points to Remember:

Total amount to be sanctioned under the Emergency Credit Line Guarantee Scheme (ECLGS) 3.0?- Rs 3 lakh crore
ECLGS 3.0 will be effective till_________? March 2023