In recent years, the Ease of Doing Business reforms’ emphasis on strengthening the MSME ecosystem in India has been evident. The government has rolled out a range of initiatives aimed at facilitating business for the sector. India Budget 2022-23 laid out an extension in the Emergency Credit Line Guarantee Scheme (ECLGS) with an expanded guarantee cover of Rs 5 lakh crore, revamping of the Credit Guarantee Fund Trust for Micro and Small
