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ECLGS FUND
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...
- Bank RoA to slip 10-15 bps to 1.15-1.2% this fiscal for 2 reasons: CrisilIndian banks’ RoA is expected to ease to 1.15–1.2% this fiscal from 1.3% last year, driven by lower treasury income and higher pre-emptive ...
- 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...
- Bank of Baroda aims 10 per cent corporate growth in FY27, Rs 50,000 cr loans in pipelineBank of Baroda plans a 10 percent expansion of its corporate lending by FY27. A Rs 50,000 crore pipeline is in place, with significant dema...
- 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...
- 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.
- Assuring credit is spread well, in timeIn a bold move to bolster the economy, the Indian government is injecting an additional ₹2.55 lakh crore in credit specifically aimed at sm...
- India plans ₹2-2.5 lakh crore credit guarantee scheme amid West Asia conflictIndia is introducing a new credit guarantee scheme to help industries facing higher costs due to the West Asia conflict. This initiative ai...
- 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...
- 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...
- 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...
- One crore MSME borrowers given Rs 1.65 lakh cr support under ECLGSUnder the scheme, MLIs are provided 100 per cent guarantee against any losses suffered due to non-repayment of ECLGS funding by borrowers.
- Another expansion likely for guaranteed loan scheme; major leg-up for hospitals may be on cardsThe Finance ministry is currently getting the clearances needed for the latest ECLGS expansion. The expanded ambit will come into force as ...
- 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 ...
- 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...
- Govt extends emergency credit line guarantee scheme till JuneThe tenor of loans granted under ECLGS 3.0 would be 6 years ,including a moratorium period of 2 years.
- 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...
- Finance Minister reviews progress of Rs 3 lakh crore credit guarantee scheme for MSMEsOn May 21, the Cabinet had approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through ECLGS for t...
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