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Tag "eclgs"

ECLGS repayment extension to benefit regional banks, lower their NPL recognition

ECLGS repayment extension to benefit regional banks, lower their NPL recognition

🕔17:23, 31.May 2021

New Delhi, May 31  The Government’s decision to extend the period of repayment of loans disbursed under Emergency Credit Line Guarantee Scheme (ECLGS) 1.0 by another 12 months will come as a blessing for banks, particularly regional banks like City

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Industry hails expansion of ECLGS amid Covid crisis

Industry hails expansion of ECLGS amid Covid crisis

🕔07:34, 31.May 2021

New Delhi, May 31  As the Centre on Sunday announced the expansion of the Emergency Credit Line Guarantee Scheme (ECLGS), industry participants have lauded the move and said it would support more businesses amid the second wave of Covid-19. FICCI

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Civil aviation now under ECLGS, norms eased to support smaller businesses

Civil aviation now under ECLGS, norms eased to support smaller businesses

🕔17:19, 30.May 2021

New Delhi, May 30  The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme. Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current

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NBFC body seeks inclusion of education in ECLGS

NBFC body seeks inclusion of education in ECLGS

🕔16:32, 19.Apr 2021

New Delhi, April 19  The Finance Industry Development Council (FIDC) has urged the government to include the education sector under the Emergency Credit Line Guarantee Scheme (ECLGS). The NBFC body in a letter to Finance Minister Nirmala Sitharaman noted that

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FM reviews implementation of AatmaNirbhar Bharat package with secys

FM reviews implementation of AatmaNirbhar Bharat package with secys

🕔06:52, 14.Dec 2020

New Delhi, Dec 14 Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). The Rs 3 lakh crore ECLGS scheme was announced by the government early this year as

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ECLGS 2.0 enough to fund cash-flow drop of pandemic-hit firms: Crisil

ECLGS 2.0 enough to fund cash-flow drop of pandemic-hit firms: Crisil

🕔06:53, 1.Dec 2020

New Delhi, Dec 01  The Emergency Credit Line Guarantee Scheme (ECLGS 2.0), extended under the Aatmanirbhar Bharat 3.0 to eligible companies in 26 stressed sectors identified by the K.V. Kamath Committee, and also to the healthcare sector, can potentially infuse

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Banks sanction Rs 1.77 lakh cr to MSMEs under ECLGS

Banks sanction Rs 1.77 lakh cr to MSMEs under ECLGS

🕔07:02, 25.Sep 2020

New Delhi, Sep 25  Banks have so far sanctioned over Rs 1.77 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), it was announced on Thursday. In a series of tweets on the progress of the scheme,

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Rs 1.63 lakh cr worth loans sanctioned under ECLGS

Rs 1.63 lakh cr worth loans sanctioned under ECLGS

🕔15:14, 13.Sep 2020

New Delhi, Sep 13 Banks have sanctioned loans worth over Rs 1.63 lakh crore to MSMEs and other eligible businesses so far, under the Emergency Credit Line Guarantee Scheme (ECLGS) for over 42 lakh borrowers, the Finance Ministry said on Sunday.

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Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

🕔08:20, 8.Sep 2020

New Delhi, Sep 8  Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday. “As of 03 Sept 2020, the total amount sanctioned

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Liquidity to MSME rises as bank sanctions cross 1.51L cr under ECLGS

Liquidity to MSME rises as bank sanctions cross 1.51L cr under ECLGS

🕔16:49, 20.Aug 2020

New Delhi, Aug 20  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of August 18, 2020 public sector and private

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Centre may allow cooperative banks to lend under ECLGS

Centre may allow cooperative banks to lend under ECLGS

🕔07:45, 11.Aug 2020

New Delhi, Aug 11  As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too. Addressing a webinar at the ‘FICCI-SBI Atmanirbhar MSME Virtual Conclave’, Micro, Small

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Liquidity to MSMEs rises as sanctions cross 1.14 lakh cr

Liquidity to MSMEs rises as sanctions cross 1.14 lakh cr

🕔17:20, 7.Jul 2020

New Delhi, July 7  The Government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 4, 2020, public sector and private

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NBFC body urges FM to include individuals under ECLGS

NBFC body urges FM to include individuals under ECLGS

🕔18:30, 6.Jul 2020

New Delhi, July 6 Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purchase of commercial vehicles under the Emergency Credit Line Guarantee Scheme (ECLGS)

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Cabinet approves additional funding of up to Rupees three lakh crore through introduction of Emergency Credit Line Guarantee Scheme (ECLGS)

Cabinet approves additional funding of up to Rupees three lakh crore through introduction of Emergency Credit Line Guarantee Scheme (ECLGS)

🕔15:14, 20.May 2020

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given the following approvals: To enable additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA borrowers by way of “Emergency Credit Line Guarantee

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