Emergency Credit Line Guarantee Scheme

ECLGS

Additional Corpus of Rupees 1.5 crore under Emergency Credit Line Guarantee Scheme gets Cabinet approval

The Cabinet has approved additional funding up to Rs. 1,50,000 crore under Emergency Credit Line Guarantee Scheme (ECLGS). It is a continuing scheme. The Scheme would be applicable to all eligible loans sanctioned under Guaranteed Emergency Credit Line (GECL)till 30.09.2021, or till an amount of rupees four lakh fifty thousand crore is sanctioned under the …

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Union Finance Minister-cd78a149

Stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance Smt. Nirmala Sitharaman

A  1.1 Lakh Cr Loan Guarantee Scheme for COVID Affected Sectors Health Sector: Rs. 50,000 crore Aimed at scaling medical infrastructure targeting underserved areas. Guarantee cover for expansion and new projects related to health/medical infrastructure in cities other than 8 metropolitan cities. The Guarantee coverage is 50% for expansion & 75% for new projects and …

Stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance Smt. Nirmala Sitharaman Read More »

Ministry of Finance

Emergency Credit Line Guarantee Scheme expanded for on site oxygen generation

On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy,Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme as under: (i) ECLGS 4.0:100% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen …

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