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Emergency Credit Line Guarantee Scheme
SpiceJet to get ₹1,000 crore under ECLGS
Cash-strapped budget airline SpiceJet will receive an additional ₹1,000 crore under the revised Emergency Credit Line Guarantee Scheme (ECLGS) enabling it to “settle the survivability…
Government raises credit limit under ECLGS for airlines
Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore
Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore
The Ministry of Finance…
FM Nirmala Sitharaman to meet heads of PSBs on June 20; may nudge them for loan…
“Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war,” sources said.
“Banks would be urged…
PSU banks fared better in giving out ECLGS loans
Public sector banks accounted for the largest share of loans disbursed under the ECLGS scheme under which the government guarantees a certain amount of loans to MSMEs, with private sector…
ECLGS: 64% of Rs 4.5 lakh crore credit guarantee scheme sanctioned to 1.25 crore…
In September, the government had announced another extension to the scheme till March 31, 2022. (Image: Pexels)Credit and Finance for MSMEs: The Modi government’s Emergency Credit Line…
How fintechs, banks, govt can reduce lending cost to MSMEs, enhance credit …
Despite the significant contribution made by MSMEs to the country’s GDP and overall growth, these players struggle to secure loans from formal sources. (Image: pixabay)Credit and Finance for…
Centre extends Emergency Credit Line Guarantee Scheme till March 2022
The government has extended the ₹4.5 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) till March 31, 2022, to help businesses cope with the pandemic’s adverse effects. The ECLGS…