Exploring the Impact of ECLGS Scheme on Loan Quality and Business Stability
Sunday, 14 July 2024, 16:30
ECLGS Loan Performance Analysis: 6% Bad Debt Ratio Revealed
Explore the latest data on the loan performance under the Emergency Credit Line Guarantee Scheme (ECLGS), offering insights into the health of the financial sector.
Key Points:
- 6% Bad Debt Ratio: The ECLGS scheme has managed to keep bad debts at a minimal 6%, showcasing its effectiveness.
- Benefiting 1.19 Crore Businesses: Over 1.19 crore businesses, especially MSMEs, have reaped the benefits of the liquidity support.
In conclusion, the ECLGS scheme has proven instrumental in reducing NPAs and fostering stability in the business landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.