Services and trade, which account for one-third of the Emergency Credit Linked Guarantee Scheme (ECLGS) loans given to MSMEs to mitigate the losses due to the Covid-induced lockdown, remain stressed, with little more than half of the total ECLGS default being from this category.
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Under the scheme, lenders had disbursed Rs 2.82 trillion till September last year and the private sector banks took the lead position.
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