Budget 2022: ECLGS scheme to be extended till Mar 2023, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday proposed to further extend the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, with an expanded guarantee cover of Rs 5 lakh crore.

Topics
Budget 2022 | Nirmala Sitharaman

Press Trust of India  |  New Delhi 

Union Minister of Finance Nirmala Sitharaman with a folder case containing the  Union Budget 2022-23 arrives at Parliament, in New Delhi. Photo: PTI
Union Minister of Finance Nirmala Sitharaman with a folder case containing the Union Budget 2022-23 arrives at Parliament, in New Delhi. Photo: PTI

Finance Minister on Tuesday proposed to further extend the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, with an expanded guarantee cover of Rs 5 lakh crore.

She also said the draft DPRs (detailed project report) for five river links have been finalised and the implementation of Ken-Betwa rivers linking with an estimated cost of Rs 44,605 crore will be taken up.

In her Budget Speech 2022-23, Sitharaman said Kisan drones for crop assessment, land records and spraying of insecticides are expected to drive a wave of technology in the agriculture sector.

"ECLGS scheme to be extended till March 2023 and guarantee cover expanded by Rs 50,000 to Rs 5 lakh crore," she said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Read our full coverage on Budget 2022
First Published: Tue, February 01 2022. 11:59 IST
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