Back to homepage

Tag "Emergency Credit Line Guarantee Scheme"

Centre modifies ECLGS to give Civil Aviation sector necessary collateral-free liquidity

Centre modifies ECLGS to give Civil Aviation sector necessary collateral-free liquidity

🕔17:36, 5.Oct 2022

New Delhi, Oct 5 (IANS) The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to enhance the maximum loan amount eligibility for airlines under ECLGS 3.0 to 100 per cent of their fund based or non-fund based loan outstanding

Read Full Article
Cabinet clears credit enhancement for hospitality sector

Cabinet clears credit enhancement for hospitality sector

🕔19:03, 17.Aug 2022

New Delhi, Aug 17 (IANS) The Union Cabinet on Wednesday cleared the enhancement in the limit of emergency credit line guarantee scheme (ECLGS) by Rs 50,000 crore, from Rs 4.5 lakh crore to Rs 5 lakh crore for the hospitality and

Read Full Article
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr

Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr

🕔18:56, 17.Aug 2022

New Delhi, Aug 17 (IANS) The Union Cabinet on Wednesday approved a proposal to enhance the outlay of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from 4.5 lakh crore to Rs 5 lakh crore for the tourism and

Read Full Article
Budgetary Lifeline: ECLGS to be extended till March 2023

Budgetary Lifeline: ECLGS to be extended till March 2023

🕔07:29, 2.Feb 2022

New Delhi, Feb 2 (IANS) To provide financial relief to MSMEs as well as the hospitality sector, the Budget FY23 envisages to extend the Emergency Credit Line Guarantee Scheme (ECLGS) up to March 2023. Besides, ECLGS will be extended up to

Read Full Article
EMERGENCY CREDIT LINE GUARANTEE SCHEME TO BE EXTENDED UP TO MARCH 2023; GUARANTEE COVER TO BE EXPANDED BY RS. 50,000 CRORE TO SUPPORT HOSPITALITY AND RELATED ENTERPRISES

EMERGENCY CREDIT LINE GUARANTEE SCHEME TO BE EXTENDED UP TO MARCH 2023; GUARANTEE COVER TO BE EXPANDED BY RS. 50,000 CRORE TO SUPPORT HOSPITALITY AND RELATED ENTERPRISES

🕔14:59, 1.Feb 2022

ADDITIONAL CREDIT OF 2 LAKH CRORE FOR MSMEs THROUGH REVAMPED CREDIT GUARANTEE TRUST FOR MICRO AND SMALL ENTERPRISES SCHEME GOVERNMENT TO ROLL OUT “RAISING AND ACCELERATING MSME PERFORMANCE” (RAMP) PROGRAMME WITH OUTLAY OF 6,000 CRORE UDYAM, E-SHRAM, NCS AND ASEEM

Read Full Article
Govt expands ECLGS’ scope, extends eligibility till fiscal end

Govt expands ECLGS’ scope, extends eligibility till fiscal end

🕔21:47, 29.Sep 2021

New Delhi, Sep 29 The government has extended, till March 31, 2022, the Emergency Credit Line Guarantee Scheme (ECLGS) to support liquidity needs of small and medium businesses impacted by the second wave of Covid-19 pandemic. Since its launch, the ECGLS

Read Full Article
ECLGS gets additional Rs 1.5 lakh cr

ECLGS gets additional Rs 1.5 lakh cr

🕔16:44, 28.Jun 2021

New Delhi, June 28  The central government, on Monday, enlarged the scope of ECLGS (Emergency Credit Line Guarantee Scheme) by providing an additional spending limit of Rs 1.5 lakh crore. Accordingly, overall cap of admissible guarantee under the scheme has

Read Full Article
Expanded ECLGS to aid liquidity needs of MECs: Report

Expanded ECLGS to aid liquidity needs of MECs: Report

🕔16:32, 5.Jun 2021

New Delhi, June 5  The extension in the scope of Emergency Credit Line Guarantee Scheme (ECLGS) will support the liquidity of around one third of mid and emerging corporates (MECs), India Ratings and Research (Ind-Ra) said. Centre had launched the

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
Govt expands ambit of ECLGS 2.0, allows SMA-1 borrowers

Govt expands ambit of ECLGS 2.0, allows SMA-1 borrowers

🕔07:05, 17.Apr 2021

New Delhi, April 17  Expanding the scope of Emergency Credit Line Guarantee Scheme (ECLGS) 2.0, the government has said that Special Mention Accounts-1 (SMA) will now be eligible for credit under the scheme. “Scope of ECLGS 2.0 expanded! SMA-1 borrowers

Read Full Article
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

Read Full Article
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

Read Full Article
ECLGS 2.0: Principal to be paid in 48 installments post 1-yr moratorium

ECLGS 2.0: Principal to be paid in 48 installments post 1-yr moratorium

🕔16:33, 27.Nov 2020

New Delhi, Nov 27 With the Centre extending the Emergency Credit Line Guarantee Scheme (ECLGS) to 26 sectors, borrowers under the extended programme – ECLGS 2.0 — will have to repay the principal amount in 48 installments after the one-year moratorium.

Read Full Article
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.

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr

Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr

🕔13:06, 5.Aug 2020

New Delhi, Aug 5  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 3, 2020 public sector and private

Read Full Article