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Corporate Update

MSMEs Get A Credit Shot

India is opening the credit tap for MSMEs. SIDBI has added 71 branches since April 2024, while its direct-credit portfolio jumped 36.8% year-on-year to ₹51,687 crore by March 2026. And there is more firepower coming. ECLGS 5.0 aims to unlock an additional ₹2.55 lakh crore of credit, with up to 100% guarantee coverage for eligible MSME borrowers. For textiles, where thousands of spinning, weaving, processing, garment and ancillary units are MSMEs, easier working capital can mean the difference between sitting on an order and actually taking it.

ECLGS 5.0 aims to unlock an additional ₹2.55 lakh crore of credit, with up to 100% guarantee coverage for eligible MSME borrowers. For textiles, where thousands of spinning, weaving, processing, garment and ancillary units are MSMEs, easier working capital can mean the difference between sitting on an order and actually taking it.

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