ECLGS - Latest News, Analysis, Opinion

The Emergency Credit Line Guarantee Scheme (ECLGS) is benefiting 1.19 crore borrowers, he informed

Centre Allows Airlines To Avail Up To Rs 1,500 Cr Loan Under ECLGS

The Ministry of Finance in a statement said that the modifications introduced are aimed to give necessary collateral-free liquidity at reasonable interest rates to tide over their present cash flow problems

Centre Announced Several Bailout Packages For MSMEs Sector: MoS Verma

The minister said that as per the budget announcement 2022-23, the ECLGS is being extended up to March 2023 with an expanded guarantee cover of Rs. 5 lakh crore

Govt Should Extend Loan Repayment Period Under ECLGS For MSMEs: Parl panel

The committee also expressed "deep concern" over the under-utilisation of funds by the Khadi and Village Industries Commission (KVIC) for their flagship schemes, thereby hampering the promotion and development of Khadi and Village Industries and employment generation in rural areas

Indian Govt Needs To Do More To Convince Banks, NBFCs To Lend To MSMEs: AIIB Senior Economist

The whole world is turning more protectionist and it is going to have long-term impact on the global recovery, he emphasised.

Indian Banks Face Systemic Risk, Second COVID Wave To Impair Performance: S&P

Companies & Markets Sector Reports

The government has also announced a Rs 7,500 crore-credit guarantee scheme for banks' new lending to microfinance borrowers through microfinance institutions.

FinMin Widens Scope Of ECLGS, Banks To Offer Concessional Loans For Setting Up Oxygen Plants

Economy Policy Aviation

Besides, the validity of the scheme has been extended by three months to September 30 and or till guarantees for an amount of Rs 3 lakh crore are issued

Kotak Pitches For Fiscal Package To Deal With COVID-19 Impact

The government had announced the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as part of the Atmanirbhar Bharat package.

IATO Seeks PM's Intervention To Remove Anomalies In Operational Guidelines Of ECLGS

Consequent to that, it nullifies any benefit that may have accrued to tour operators....the condition as stipulated in NCGTC makes mockery of any benefit that may have accrued to the tour operators

RAI Urges Govt To Extend ECLGS Benefits To Retailers

RAI also asked RBI to instruct banks to increase the working capital limit for retailers by 30 per cent to help them pay salaries and suppliers.

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Banks sanction Rs 1.77 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman

National

Banks sanction Rs 1.77 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman

RBI Battle Ready To Revive The Economy, India Will Certainly Bounce Back: Governor RBI

Economy India

Shaktikanta Das, Governor, Reserve Bank of India (RBI) said on September 16th that India has tremendous potential and it will certainly bounce back

FM Sitharaman Asks Banks To Roll Out Loan Resolution Schemes By Mid-September

Economy India

The Ministry of Finance has also been engaging with RBI to ensure that the lenders are assisted by RBI in the resolution process.

Banks Have Disbursed Rs 77,613.06 Cr Out Of Rs 1,27,582.60 Cr Sanctioned Under 100% ECLGS