SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Banks sanctions Rs 35,000 crore ECLGS loans to MSMEs & industries hit by West Asia Crisis

02 Jun 2026 Evaluate

Department of Financial Services Joint Secretary Manoj Muttathil Ayyappan has said that banks have sanctioned loans worth more than Rs 35,000 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 for micro, small and medium enterprises (MSMEs), airlines and other businesses impacted by the ongoing crisis in West Asia.  

He said the latest version of the scheme, approved by the Union Cabinet on May 5, aims to facilitate additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for airlines impacted by the ongoing geopolitical crisis. Lenders have approved around 80,000 applications involving loans worth Rs 35,194 crore, while guarantees amounting to Rs 15,720 crore have been issued as of May 29, 2026. 

He further said ‘since we have reached a good number, it is expected that the customers would benefit from the scheme and the entire process is digital and end-to-end can be completed in 5-7 days.’ He noted that the scheme is made generally liberal, ensuring that maximum beneficiaries are able to avail the benefits. He said only customers who are Special Mention Account (SMA)-2 as of March 31, 2026, are kept outside the scheme. He added that the government is also conducting outreach programmes across the country so that maximum benefit can be provided.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: