Rajeev Chandrasekhar, the Keralam BJP chief, recently underscored the importance of the Emergency Credit Line Guarantee Scheme (ECLGS) in supporting Kerala's micro, small, and medium enterprises (MSMEs) amid global economic challenges, particularly those stemming from the West Asia crisis. The scheme has significantly benefited the state, with approximately 5.5 lakh MSME loan guarantees issued and over ₹8,405 crore (roughly $1 billion USD) in credit extended. Chandrasekhar shared a testimonial from Shyam, a startup founder in Thiruvananthapuram, who expressed gratitude for the timely support received through the scheme, which was crucial during uncertain business conditions.

Chandrasekhar noted that Kerala's economy is closely tied to the Gulf region, making it particularly vulnerable to instability there. He praised the ECLGS as an example of the Modi government's proactive approach to ensuring that entrepreneurs have access to necessary credit and liquidity. He called on eligible MSMEs and startups to take advantage of government initiatives aimed at fostering growth and innovation, emphasizing that timely access to credit is essential for business survival and job protection.