ECLGS 1.0 relaxation to benefit MSMEs

By OEM Update Editorial June 3, 2021 5:47 pm IST

Uday Shankar welcomes the steps taken by the banking fraternity to support industry, particularly the MSME sector, during this hour of crisis.

Commenting on the set of announcements made earlier today by Dinesh Khara, Chairman, SBI on the ECLGS Scheme and Restructuring Plan, Uday Shankar, President, FICCI said, “We welcome the steps taken by the banking fraternity to support industry, particularly the MSME sector, during this hour of crisis. The second COVID-19 wave has been devastating for many businesses and it was only appropriate for the banking sector to come forward and announce these measures. FICCI would like to thank the Finance Minister for this considered view and for leading from the front in this economic battle.”

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