The 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...

Indian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...

In a pivotal stride towards economic recovery, the government has unveiled ECLGS 5.0, aimed at fortifying MSMEs and the airline industry am...

The government has approved ECLGS 5.0 to support MSMEs and airlines. This scheme aims to provide crucial working capital. Around 1.1 crore ...

The government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...

India's cabinet approved a 181-billion-rupee emergency credit guarantee program to support businesses, especially small firms, facing liqui...

The Union Cabinet has approved Emergency Credit Line Guarantee Scheme 5.0. This scheme will support businesses facing liquidity issues. It ...

The Indian government is considering multiple relief measures for airlines facing high operating costs and reduced traffic due to the ongoi...

While 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...

The validity of the scheme has been extended by another six months till March 31, 2022, the ministry said in a statement. The government ha...

The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing.

"According to the information received from the National Credit Guarantee Trustee Company, as on July 16, borrowers belonging to aviation s...

The industry body has asked the government to standardise and align the tenure and the moratorium facilities floated under ECLGS 1.0, 2.0 a...

For Covid-stricken small businesses, the ECLG scheme was to be a savior. After eight months, the results may be mixed.

The loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal.

The 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...

The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidel...