Perspective for Mr. Vikash Khandelwal, CEO, Eqaro Guarantees on Relief Measures announced by the Finance Minister


    Guarantees are an efficient way to facilitate funding for businesses. It improves lender confidence and supports easier access to credit without locking in collaterals.

    The government enhancing the limits from Rs 3 lakh crore to Rs 4.5 lakh crore under the ECLGS program is an enabling mechanism that will help infuse liquidity in a number of industries. MSMEs are the backbone of the Indian economy. The enhanced credit line for MSMEs and MFIs will ensure the availability of funding for small and unorganized businesses which have been severely impacted due to the pandemic.

    The measures for the healthcare infra sector will help fight the pandemic, improve the rate of vaccination, thereby result in faster unlocking of the economy.

    Banks have become risk-averse due to the second wave of the pandemic which is reflecting in the credit-deposit ratio which is at a 4-year low. The enhanced ECLGS limit will encourage banks to lend more thus enabling credit delivery, aid economic recovery, generate employment, and revive demand.”

    Mr. Vikash Khandelwal, CEO, Eqaro Guarantees

    A Chartered Accountant and a Cost Accountant, Mr. Khandelwal brings to the table a rich experience spanning over 2 decades. He has experience leading various financial services businesses which include Insurance, Equities, Commodities, Wealth Management, Lending & Distribution.

    He has introduced the concept of sureties in India for the last 3 years and has also led the advocacy efforts towards surety/guarantee being approved as an accepted security for infrastructure projects. Vikash has worked with South British Capital, SREI Equipment Finance, Religare Macquarie Wealth Management and Religare Insurance in the past.