"I am upbeat about NCGTC’s role as an enabler for enhancing flow of collateral free credit to deserving beneficiaries for inclusive growth."
National Credit Guarantee Trustee Company Limited (NCGTC) has established itself as a key stake holder in enhancing the credit flow to unserved and underserved sections of the economic pyramid in the country through guarantee support to the Member Lending Institutions.
In these trying times of COVID-19, NCGTC has stood up to the challenges and successfully implemented the prestigious guarantee scheme of the Government of India viz. Emergency Credit Line Guarantee Scheme (ECLGS), an important component of Atmanirbhar Bharat. The scheme has enabled credit flow to the various businesses (including MSMEs), which were otherwise doing well but were severely impacted by the lockdown.
NCGTC has been constantly endeavoring simplification of modalities for issuance of guarantees and claim settlements on its B2B platform. The platform enables seamless issue of guarantees and claim settlement.
I am sure that the higher credit flow to the deserving and needy segments would enable the Government of India to achieve its objective of sustainable and inclusive growth and help in making India a vibrant and strong economy.