📝 Multiple Choice Question
Economics
……was announced as part of the Atma Nirbhar Bharat Package in 2020 with the objective to help businesses including MSMEs to meet their operational liabilities and resume businesses in view of the distress caused by the COVID-19 crisis, by providing Member Lending Institutions (MLIs), 100 percent guarantee against any losses suffered by them due to non repayment of the ECLGS funding by borrowers.'
A
Emergency Credit Line Guarantee Scheme
B
Mission Karmayogi
C
Sahakar Pragya Yojana
D
Stand-up India
Explanation
The Emergency Credit Line Guarantee Scheme (ECLGS) was launched during the COVID-19 pandemic to offer 100% guarantee coverage, incentivizing banks to provide urgent, collateral-free credit to struggling MSMEs.
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