The Government of India through ministry of finance has introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage for additional facility up to 20% of entire outstanding credit (as on 29.02.2020) under ECLGS 1.0 & 2.0 and up to 40% of entire outstanding credit (as on 29.02.2020) under ECLGS 3.0, as a measure to revive the business operations.

Business Enterprises/MSME institutions/PMMY borrowers with,

a.       Total credit outstanding up to Rs. 50.00 crore (as on 29.02.2020)

Nature of ECLGS facility: Working Capital term Loan/ Non Fund Based facilities/Both

Business Enterprises in the 26 sectors identified by Kamath committee on resolution frame work and Healthcare sector with

a.       Total credit outstanding above Rs.50.00 crore and not exceeding Rs.500.00 crore (as on 29.02.2020)

b.      DPD<60 days (as on 29.02.2020)

Business Enterprises in the Hospitality, Travel& Tourism and Leisure & Sporting sectors with

a.       Total credit outstanding up to Rs. 500.00 crore (as on 29.02.2020)

For more details, visit https://www.eclgs.com/