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Govt's credit guarantee to reduce MSME bad loan risks for banks
May 22, 2026
Economic Times

Govt's credit guarantee to reduce MSME bad loan risks for banks

The government's new credit scheme, ECLGS 5.0, is here to help small businesses. Experts think it will stop banks from getting too many bad loans. This plan gives businesses guaranteed money, making things easier for them. Lenders are already talking to businesses to get them to use it fast.