Searched for
NCGTC
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...- 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...
- 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...
- Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium termsECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.
- 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 ...
- Govt may cap lending rates to MFIs under guarantee schemeThe finance ministry is set to direct banks to cap lending rates at 2% above MCLR for microfinance companies under a new credit guarantee s...
- Govt to soon allocate Rs 2,000 cr for Credit Guarantee Scheme for ExportersThe government is set to launch a new Credit Guarantee Scheme for Exporters. This initiative will provide Rs 2,000 crore in funding. It aim...
- Sum of Rs 3.68 lakh crore guaranteed under ECLGSMinister of State for Finance Pankaj Chaudhary reported in the Lok Sabha that the Emergency Credit Line Guarantee Scheme (ECLGS) has guaran...
- 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...
- NCGTC to conduct detailed audit of claims submitted by Bandhan Bank against non-performing loansThe private sector lender claimed twice from the credit guarantee fund for the micro units (CGFMU). After receiving the first tranche, it h...
- Bandhan Bank issues clarification on audit, says loan claims under audit by govt agencyBandhan Bank has clarified that the National Credit Guarantee Trustee Company is conducting an audit of its loan claims under a guarantee s...
- Banks want cover for one-time settlement option under ECLGSAt present, lenders need to initiate legal proceedings to avail of the full credit guarantee coverage provided by the NCGTC under the schem...
- ECLGS’ scope expanded, scheme extended till March 2022The government has been getting demands from various industry bodies and other stakeholders to extend the scheme to ensure continued suppor...
- NCGTC issues guidelines for Rs 50,000-cr credit guarantee scheme for medical infraWhile announcing the scheme, Sitharaman had said, "A maximum loan of Rs 100 crore will be given with a capped interest rate of 7.95 per cen...
- Banks sanction Rs 2.46 lakh cr to 92 lakh borrowers under credit guarantee scheme to MSMEsOver 1.10 lakh loans have been extended since the launch of the 'Stand up India' scheme as on January 31, 2021, since its inception and ben...
- 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...
- Govt unlikely to extend credit guarantee scheme for MSME sector beyond OctThe maximum amount of Guaranteed Emergency Credit Line (GECL) funding under the scheme was correspondingly increased from Rs 5 crore to Rs ...
- Banks sanction about Rs 1.14 lakh crore loans to MSMEs under credit guarantee schemeThe scheme will be applicable to all loans sanctioned under GECL facility during the period from the date of announcement of the scheme to ...
- Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rateThe scheme aims at mitigating the economic distress being faced by about 45 lakh MSMEs by providing them additional funding of up to Rs 3 l...
- Government nod to Stand Up plan for SC, ST and women entrepreneursThe Stand Up India Scheme will be a refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of R...
Load More
