Topic Details (Notes format)

Emergency Credit Line Guarantee Scheme Updates

Subject: Current Affairs

Description

The Emergency Credit Line Guarantee Scheme was updated in 2023 to provide relief to small businesses affected by economic downturns. Details: Announced by the RBI, the scheme now offers extended repayment terms and increased loan amounts. Previous UPSC Q (2019): "What measures are in place to support small businesses during crises?"

Summary

Updated credit line scheme supports small business recovery during emergencies.