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ECGLS
Bandhan Bank cooperating with NCGTC audit on microloans, confident about claim settlementAccording to the Kolkata-headquartered bank, it claimed and received an amount of Rs 917 crore from the National Credit Guarantee Trustee C...- Cabinet approves interest subvention of 1.5 percent on short-term farm loans up to Rs 3 lakhThe 1.5 per cent interest subvention will be provided to lending institutions (public and private sector banks, small finance banks, region...
- Budget will enable development of border villages to stop migration, says PM Modi"Migration from border villages not good for national security and budget has provisions to develop 'vibrant villages' on the border," said...
- How Sitharaman's growth-oriented Budget affects Dalal Street investorsRemain invested in high quality stocks particularly in financials, IT, construction-related segments, pharma and specialty chemicals.
- A consumption spur would have aided recovery: Nilesh ShahTop three words in the budget speech were 'development', 'invest' and 'infrastructure'. These words have been the cornerstone of policy-mak...
- Union Budget 2022-23: A steppingstone for India@100?The Union Budget 2022-23 reflected this to some extent. But what it did manage to create is a green and sustainable approach for economic g...
- ECLGS scheme extended up to March 2023: FM in BudgetThe government launched the Emergency Credit Line Guarantee Scheme (ECGLS) as part of its Rs 20 lakh crore comprehensive package announced ...
- Over 95 lakh borrowers, Rs 2.28 lakh crore disbursed under ECLGS: Eco SurveyAmong other efforts, the Reserve Bank of India announced a 6 month moratorium and deferment of interest for all term loans which was impose...
- What can MSMEs expect from Budget 2022To accelerate Atmanirbhar Bharat Abhiyan the government must revisit and reduce the duties and taxes on capital goods to encourage small en...
- Buyer interest in SME space has gone up post-Covid: Vishal Devanath, founder, SMERGERSThe buyer to seller ratio has gone up beyond 3x post Covid. It was less than 2x before the pandemic. This indicates it would be much easier...
- 73% SMBs have not made any profit last year owing to Covid: CIA survey"Over the past year, CIA has provided vital suggestions and modifications required on several initiatives taken by the Central and State Go...
- Second wave not a threat to cinemas, we will survive: Ajay Bijli, Chairman and MD, PVR LimitedIn a chat with ET’s Gaurav Laghate & Vinod Mahanta, Bijli talks about the impact of the second Covid-19 wave on the multiplex industry, the...
- 'Discouraging attitude' of banks’ risks providing little relief to MSMEs under a key Government schemeThe cornerstone of Finance Minister Nirmala Sithraman’s package for economic revival was the Rs 3-lakh crore collateral free loan scheme fo...
- Liquidity windows help as sentiment boosters, says SBI's Ashwini Kumar Tewari“Liquidity window may not be fully utilised but it is the sentiment which counts. As a result of the large liquidity available, banks and p...
- Banks have room to lend Rs 45,000 cr more under ECLGC scheme: IBA CEOTo support the businesses affected by the second wave of COVID-19, the Finance Ministry on Sunday enhanced the scope of ECLGS, including pr...
- Finance minister Nirmala Sitharaman urges India Inc to wait & watchThe finance minister noted that the government has extended the Emergency Credit Line Guarantee Scheme (ECGLS 2.0) for sectors like hospita...
- ECGLS helps push MSME loan growth as of end Sept: ReportPrivate banks and public sector banks (PSB) have seen a surge in growth in the June and September quarters, while non-bank financial compan...
- 2021: Banks brace for pandemic-hit corporates' bad loan woes, muted credit growthMuted private investment impacting the corporate loan growth will be another challenge that banks will have to face in the coming months. D...
- India Inc has a long wishlist but first wants to know how much govt can spendThe Confederation of Indian Industry suggested the government extend coverage under ECGLS to stressed sectors, including civil aviation, ho...
- If the economy opens up fully, chances of recovery are very good: A S Rajeev, CEO, Bank of Maharashtra"The global economy has taken a hard hit due to Covid-19. The IMF in its recently released World Economic Outlook, June 2020 has reported t...
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