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Emergency credit scheme for MSMEs extended till 31 March 2022

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In order to support Covid-hit MSMEs further, the Centre on Wednesday announced an extension of its Emergency Credit Line Guarantee Scheme (ECLGS) till 31 March 2022, or till guarantees for an amount of 4.5 lakh crore are issued under the scheme, whichever is earlier.

The Ministry of Finance also announced that the date of disbursement under the scheme has also been extended to 30 June 2022. Government has been receiving demands from various Industry bodies and other stakeholders to extend the scheme to ensure continued support to eligible sectors/businesses,” the ministry said in a statement.

The government laid out the following modifications in the scheme for MSMEs:

-Existing borrowers under ECLGS 1.0 & 2.0 would be eligible for additional credit support of up to 10% of total credit outstanding as of 29.02.2020 or 31.03.2021, whichever is higher

Businesses who have not availed assistance under ECLGS (ECLGS 1.0 or 2.0), can avail credit support of up to 30% of their credit outstanding as of 31.03.2021.

-Businesses in sectors specified under ECLGS 3.0, who have previously not availed ECLGS, can avail credit support up to 40% of their credit outstanding as of 31.03.2021, to the maximum of Rs.200 crore per borrower;

-Incremental credit can be availed within these limits by existing ECLGS borrowers whose eligibility increased because of a change in the cut-off date to 31.03.2021 from 29.02.2020.

Accordingly, borrowers who have availed assistance under ECLGS and whose credit outstanding as of 31.03.2021 (excluding support under ECLGS) is higher than that on 29.02.2020 shall be eligible for incremental support within the cap stipulated under ECLGS 1.0,2.0 or 3.0.

As on 24th September 2021, loans sanctioned have crossed Rs. 2.86 lakh crore under the Scheme and out of total guarantees issued, about 95% of the guarantees issued are for loans sanctioned to Micro, Small and Medium Enterprises.

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The Tenth Tata Mumbai Marathon Was Completed By NMMC Commissioner

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Dr. Kailas Shinde, Commissioner of the Navi Mumbai Municipal Corporation (NMMC), has accomplished a remarkable feat by finishing the Tata Mumbai Marathon for the ninth year in a row.

Thousands of runners from all around the world attended this year’s marathon, which was held on Sunday to commemorate the famous event’s 20th anniversary. Dr. Shinde further demonstrated his dedication to endurance and fitness by finishing the difficult 42.195 km race in an astounding 4 hours, 29 minutes, and 12 seconds.

As evidence of his commitment to regular training and preparation, Dr. Shinde maintained a constant pace of 6 minutes and 23 seconds per kilometer throughout the marathon, which started at 5:00 a.m. at Chhatrapati Shivaji Maharaj Terminus in Mumbai.

This year’s achievement comes after Dr. Shinde’s outstanding performance in the Comrades Marathon, an ultramarathon in South Africa, when he exceeded the time limit by finishing the 86.6 km route in 11 hours, 10 minutes, and 56 seconds. His reputation as a focused and dedicated athlete was further solidified by this accomplishment.

Dr. Shinde has continuously put his training first despite his hectic administrative job and rigorous schedule, demonstrating that amazing outcomes are possible when hard effort, goal-setting, and preparation are balanced. In addition to reflecting his own accomplishments, his love of running provides as motivation for leading a healthy lifestyle.

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Residents Of Kharghar Express Concern Over The Increasing Number Of Roadside Shops And Encroachments

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Residents of Kharghar are raising serious concerns over the growing encroachments and unauthorized shops in Sectors 30 to 40, which are causing inconvenience and safety issues. Locals have shared photographs showing illegal roadside stalls selling clothes, fruits, coconuts, and snacks, taking over footpaths and parking spaces.

One image shows a clothing shop operating from a car boot, while another captures coconut vendors blocking a busy intersection. A third photo highlights a snack stall covered with plastic sheets, further restricting pedestrian movement, especially under the newly constructed metro bridge.

Frustrated residents say these illegal setups are disrupting daily life. “We pay taxes for planned infrastructure, but these encroachments create chaos,” said Radhe Trivedi, a local.

Arvind Pawar, another resident, said multiple complaints to the Panvel Municipal Corporation (PMC) and CIDCO have seen little action. “We need stricter enforcement to remove illegal hawkers and restore order,” he added.

Citizens have taken to social media to highlight the issue, tagging government officials, including the Chief Minister’s Office of Maharashtra and MLA Prashant Thakur, demanding intervention.

Resident Lalita Iyer emphasized the need for long-term solutions to prevent future encroachments and protect Kharghar’s planned urban development.

With growing pressure from residents, authorities are now being urged to take immediate and strict action to remove these unauthorized commercial activities and restore public spaces to their proper use.

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The Marathi Language Conservation Fortnight Is Being Celebrated By NMMC With A Self-Poetry Recitation Competition

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NMMC Hosts Self-Poetry Recitation Competition To Celebrate Marathi Language Conservation Fortnight.

The Competition

The Navi Mumbai Municipal Corporation (NMMC) held a self-poetry reciting competition to support officials’ and staff members’ poetic writing abilities. The occasion was a component of the two-week-long Marathi Language Conservation campaign.

Thirty-one poets took part in this event. From January 14 to January 28, the city government has organized a number of events to promote the Marathi language.

Ashok Gupte, a well-known poet and the grandson of the famed poet Bee, judged the self-poetry reciting competition. Gupte urged the poets to continue their commitment to producing high-caliber poetry. Despite their hectic work schedules, he commended the cops and staff for fostering their literary abilities.

The poet was especially grateful of the female staff members who had worked hard and passionately to develop their literary skills while juggling work and domestic duties. Gupte stressed the significance of delivery and presentation. He emphasized that there should be a natural rhythm and flow even in free verse poetry. According to an official, he encouraged contestants to keep competing, read quality poetry, and keep composing. During the occasion, Gupte also read a few of his own outstanding poetry.

The NMMC headquarters will host a lecture on “Mayboli Abhijat Marathi” by famous poet and writer Dr. Mahesh Keluskar. Navi Mumbai literature lovers are welcome to come and take part in this thought-provoking discussion.

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