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ECLGS News

11 May 2023

SpiceJet Denies Insolvency Rumours Despite Receiving Notice From NCLT

SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.

Emergency Credit Line Guarantee Scheme

20 Feb 2023

ECLGS for MSMEs: Finmin to Meet Heads of Banks on February 22

The meeting, to be chaired by Financial Services Secretary Vivek Joshi, would also see participation from top private sector lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.

Emergency Credit Line Guarantee Scheme

31 Mar 2022

ECLGS scheme enhanced, validity extended till March 2023

Further, the coverage, scope and extent of benefits under ECLGS 3.0 pertaining to hospitality, travel, tourism and civil aviation sectors has been expanded, said the Union Finance Ministry.

Nirmala Sitharaman

11 Feb 2022

Banks sanction loans worth Rs 3.1 lakh cr to MSMEs under ECLGS: FM Sitharaman

The ECLGS scheme has been extended till March 2023. As much as Rs 2.36 lakh crore have been disbursed to MSMEs, she said. She also said that PM Mudra Yojana has created 1.2 crore additional employment since its launch in 2015.

Nirmala Sitharaman

12 Nov 2020

Aatmanirbhar 3.0: FM extends emergency credit line for stressed sectors

FM last month had announced a slew of measures. This was the third stimulus package. FM Aatmanirbhar Bharat package of Rs 20.97 lakh crore in May.

03 Nov 2020

Good news for MSME: Emergency Credit Line Guarantee Scheme extended by 1 month

ECLGS announced as part of AatmaNirbhar Bharat Package. It provides fully guaranteed and collateral free additional credit to MSMEs. Tenor of loans provided is four years.

Emergency Credit Line Guarantee Scheme

03 Sep 2020

Banks disburse loans of Rs 1.58 lakh crore under ECLGS

The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package. ECLGS aims to mitigate the distress caused by lockdown due to COVID-19. It provides credit to different sectors, especially MSMEs.

Emergency Credit Line Guarantee Scheme

20 Aug 2020

Banks disburse loans of over Rs 1 Lakh crore under ECLGS

The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package. ECLGS aims to mitigate the distress caused by lockdown due to COVID-19. It provides credit to different sectors, especially MSMEs.

Emergency Credit Line Guarantee Scheme

23 Jun 2020

Rs 79,000 cr sanctioned by banks under Emergency Credit Line Guarantee Scheme

The top lenders under the Scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank.

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