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News
Emergency Credit Line Guarantee Scheme
Emergency Credit Line Guarantee Scheme News
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.
Emergency Credit Line Guarantee Scheme
31 May 2021
Govt extends emergency credit scheme for MSMEs
100% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen generation plants, interest rate capped at 7.5% under EGLS 4.
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.
MSMEs
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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