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ECLGS SCHEME FOR AIRLINES
Govt in touch with SpiceJet over operational, financial challenges; Airline seeks funds under ECLGS schemeSpiceJet is seeking funds through the Emergency Credit Line Guarantee Scheme. The government is pushing the airline to increase its operati...- SpiceJet seeks extension of time to deposit ₹50 crore in KAL Airways dispute; Delhi HC declines to interfere at this stageThe Delhi High Court declined to issue an interim order regarding SpiceJet's delayed payment. SpiceJet sought more time to deposit the firs...
- Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 c...
- Macroeconomic fundamentals of Indian economy remain strong amid global challengesIndia's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate bala...
- Global headwinds, resilient MSMEs: India’s ECLGS 5.0 responseThe real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.
- Akasa Air plans to operate flights under UDAN scheme, says CEO Vinay DubeAkasa Air is set to join the UDAN regional connectivity scheme, with CEO Vinay Dube confirming a steady influx of Boeing 737 MAX aircraft. ...
- India Inc profit hit from West Asia tensions to halve if truce holds, Crisil saysCorporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predict...
- 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...
- Private, govt banks pledge full support to ECLGS 5.0Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to...
- 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...
- Go First plans to soon avail Rs 600 crore loan under ECLGSThe source at the airline also said that promoters have infused around Rs 2,800 crore in the last 15 months which has helped the carrier ta...
- Will the revamped ECLGS package bring an end to SpiceJet's troubles?SpiceJet has been scouring for funds and needs around Rs 2,000 crore to safely navigate the turbulent skies. High aviation fuel prices have...
- Government enhances credit line for airlinesThe modification will allow cash starved airlines like SpiceJet, Go First to get more collateral free loan under the scheme. Alarmed by 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...
- 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...
- Extended ECLGS to cover aviation, othersThe expanded Emergency Credit Line Guarantee Scheme (ECLGS) will now cover hospitals, clinics and medical colleges for setting up on-site o...
- ECLGS to help alleviate 'stressed cash flows' of airlines, other civil aviation entities: Hardeep Singh PuriReferring to the ECLGS (Emergency Credit Line Guarantee Scheme) 3.0 wherein aviation sector was included on Sunday, the minister said that ...
- 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 ...
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