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ECLGS 2.0 SCHEME
Credit cover for collateral-free education loans may be raised at inter-ministerial consultationsThe government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
- Govt's credit guarantee to reduce MSME bad loan risks for banksThe government's Emergency Credit Line Guarantee Scheme 5.0 is set to bolster micro, small, and medium enterprises. Experts believe this in...
- ECLGS 5.0 set to boost mid-sized banks with strong MSME focusThe new Emergency Credit Line Guarantee Scheme 5.0 is set to boost mid-sized banks. These banks have a larger share of loans to micro, smal...
- As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
- ECLGS 5.0 to help SBI open ₹70,000–₹80,000 crore credit line: Chairman CS SettyIn a pivotal stride towards economic recovery, the government has unveiled ECLGS 5.0, aimed at fortifying MSMEs and the airline industry am...
- ECLGS 5.0 to benefit 1.1 crore MSME accounts with additional credit support: SBI ReportThe government has approved ECLGS 5.0 to support MSMEs and airlines. This scheme aims to provide crucial working capital. Around 1.1 crore ...
- Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf warThe government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...
- India approves $1.9 billion credit guarantee to support businesses hit by Middle East crisisIndia's cabinet approved a 181-billion-rupee emergency credit guarantee program to support businesses, especially small firms, facing liqui...
- Govt clears ₹18,100 crore ECLGS 5.0 to unlock ₹2.55 lakh crore credit for MSMEs, airlinesThe Union Cabinet has approved Emergency Credit Line Guarantee Scheme 5.0. This scheme will support businesses facing liquidity issues. It ...
- Centre eyes Rs 5,000 crore relief, China’s Hotan route to ease airline stress amid Iran war: ReportThe Indian government is considering multiple relief measures for airlines facing high operating costs and reduced traffic due to the ongoi...
- ECLGS helped 65% MSMEs through financial troubles, 57% found it difficult to access: ReportWhile the COVID-19 crisis impacted MSMEs across the board, the very small and micro enterprises were the ones to be affected the most, as t...
- Government widens scope of ECLGS, extends scheme deadline till MarchThe validity of the scheme has been extended by another six months till March 31, 2022, the ministry said in a statement. The government ha...
- Leather exporters urge govt to extend PLI benefits to themThe objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing.
- SpiceJet borrowed Rs 127.51 crore, Go First Rs 25.65 crore under ECLGS scheme: Govt"According to the information received from the National Credit Guarantee Trustee Company, as on July 16, borrowers belonging to aviation s...
- FHRAI requests govt for special credit guarantee window under ECLGS for hospitality sectorThe industry body has asked the government to standardise and align the tenure and the moratorium facilities floated under ECLGS 1.0, 2.0 a...
- Eight months after its roll out, Government's Rs 3-lakh crore ECLG scheme helped some, bypassed otherFor Covid-stricken small businesses, the ECLG scheme was to be a savior. After eight months, the results may be mixed.
- Banks sanction Rs 2.05 lakh cr to 81 lakh MSMEs under credit guarantee schemeThe loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal.
- ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectorsThe scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. "Under ECLG...
- ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratoriumThe government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidel...
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