Emergency Credit Line Guarantee Scheme

Hero Housing Finance Ltd21 Apr, 2023Business

Under the scheme, banks and non-banking financial companies (NBFCs) are offering collateral-free loans to eligible MSMEs, with a total corpus of Rs. 4.5 lakh crore. The loans are guaranteed by the government, which means that in case of default, the government will reimburse the bank or NBFC up to 75% of the loan amount.