new delhi the emergency credit line guarantee scheme eclgs that provided much needed additional credit to over 13 crore msmes will be extended till march 2023 with its guarantee cover expanded by rs 50000 crore to rs 5 lakh crore finance minister nirmala sitharaman said on tuesday the additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to prepandemic levels presenting the budget 202223 in parliament the finance minister said the credit guarantee trust for micro and small enterprises cgtmse scheme will be revamped with required infusion of funds this will facilitate additional credit of rs 2 lakh crore for micro and small enterprises and expand employment opportunities she said to help the micro small and medium enterprises msme sector become more resilient competitive and efficient sitharaman said a raising and accelerating msme performance ramp programme will be rolled out with a rs 6000 crore outlay spread over 5 years hospitality and related services especially those by micro and small enterprises are yet to regain their prepandemic level of business considering these aspects the eclgs will be extended up to march 2023 and its guarantee cover will be expanded by rs 50000 crore to a total cover of rs 5 lakh crore with the additional amount being earmarked exclusively for hospitality and related sectors the finance minister said