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ECLGS BUDGET ANNOUNCEMENTS
Target return of four grounded aircraft by June 15, SpiceJet saysSpiceJet intends the return of four of its grounded aircraft, two Boeing 737s and two Q400s, by June 15. The company had earlier announced ...- Finmin to meet heads of banks on Feb 22; to review progress ECLGS for MSMEsThe finance ministry has called a meeting of heads of public sector banks and top four private sector lenders to review the progress of the...
- Union Budget 2023: Rs 9,000 crore to be infused in revamped credit guarantee scheme for MSMEsAccording to the Economic Survey 2022-23 tabled in Parliament on January 31, the recovery of India's MSMEs was advancing swiftly.
- Budget 2023: Six ways to accelerate pace of credit growth in IndiaUnion Budget 2023: While credit growth till October this fiscal has been 8.4%, retail and corporate lending is expected to be robust in the...
- ECLGS: Finance Ministry increases loan limit to Rs 1,500 cr for aviation sectorRecognising that an efficient and strong civil aviation sector is vital for the economic development of the country, the Department of Fina...
- Credit lifeline for Covid-hit sectors gets a ₹50,000 crore pushECLGS was announced in May 2020 following the outbreak of Covid-19 to ensure various sectors, especially in the MSME segment, easy access t...
- Cabinet approves enhancement in ECLGS corpus, hospitality sector to get boostThe Union Cabinet on Wednesday approved the enhancement in the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 cro...
- Weak SMEs may add stress to ECLGS bookAccording to a State Bank of India report, the ECLGS scheme has prevented 1.35 million MSME accounts from going under and stopped 14% of ou...
- FM holds meeting with hospitality, tourism sectors; discusses credit-related issuesIt is to be noted that Budget 2022-23 had proposed to open an additional Rs 50,000 crore window under the Emergency Credit Line Guarantee S...
- Budget proposals to push exports, manufacturing: ExportersThe Trade Promotion Council of India (TPCI) said that the focus of Union Budget 2022-23 on reforming the rural economy, digitalisation and ...
- ECLGS extension a plus in Budget, but interest subvention, lack of opportunity in PLI are big missesThe sector is happy that the government is giving some priority to MSMEs, but also rue the fact that there are no specific measures for sma...
- Budget announcement for leather sector to boost exports: Council for Leather ExportsFinance Minister Nirmala Sitharaman in her Budget speech said that to incentivise exports, exemptions are being provided on items such as e...
- Budget 2022: Hospitality industry welcomes ECLGS announcement that recognises distress in the sector, but feels the need for more direct interventionMost industry insiders thought much more could have been done to support the stressed sector, its allied segments and their workers.
- Budget 2022-23: ECLGS extended to March 2023, total cover up to Rs 5L croreThe Emergency Credit Line Guarantee Scheme (ECLGS) was announced to help MSMEs cope up with pandemic losses and was extended up to March 31...
- Infra investments across construction a boost for country’s lending sectorThe budget allocated Rs 48,000 crore to build 80 lakh houses under the PM Awas Yojana (PMAY). This augurs well for affordable housing finan...
- FM announces extension of ECLGS by another yearFinance Minister Nirmala Sitharaman on Tuesday announced the extension of the emergency credit line guarantee scheme (ECLGS) by another yea...
- 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 ...
- Stimulus measures may be extended and expanded; additional funding, support for more sectors likelyThe finance ministry may push ministries for a quick rollout and frontloading of the ₹5.54 lakh crore capital spending announced in the bud...
- Govt extends ECLGS to aviation sector; industry player says decision to ease liquidity pressureIndustry players said the "timely" decision to include the aviation sector under the Emergency Credit Line Guarantee Scheme (ECLGS), which ...
- MSME credit up on Govt guaranteeThe highest year-on-year growth of 9% was seen in the category of small businesses with a loan exposure of between Rs 10 lakh to Rs 50 lakh.
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