Question:medium

Which Union Ministry launched "Emergency Credit Line Guarantee Scheme"?

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Be careful with target sectors versus launching ministries! Even though a scheme might specifically target MSMEs or retailers, if it involves credit lines, banking guarantees, or national financial relief policy, it is almost always structured and launched by the Ministry of Finance.
Updated On: Jun 29, 2026
  • Ministry of Finance
  • Ministry of Micro, Small and Medium Enterprises (MSME)
  • Ministry of Commerce and Industry
  • Ministry of Corporate Affairs
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The Correct Option is A

Solution and Explanation

The Emergency Credit Line Guarantee Scheme (ECLGS) was launched by the Ministry of Finance under the Aatmanirbhar Bharat package to provide collateral-free loans to MSMEs affected by COVID-19. Answer: Finance
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