Details of Credit Schemes Guaranteed by NCGTC
a. Emergency Credit Line Guarantee Scheme:
“The Government of India through ministry of finance had introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage on Covid assistance extended to the eligible borrowers, under ECLGS 1.0 , ECLGS 1.0(Extension), ECLGS 2.0, ECLGS 2.0(Extension) ECLGS 3.0,ECLGS 3.0(Extension) and ECLGS 4.0 (hereinafter together referred as the ‘Scheme’).
ECLGS 1.0
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Nature of ECLGS facility
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Working Capital term Loan
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Eligibility criteria under the scheme
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Business Enterprises/MSME institutions/PMMY borrowers/ Individuals who have availed loans for business purposes with,
a. Total fund based credit outstanding up to Rs. 50.00 crore (as on 29.02.2020 )
b. DPD<60 days (as on 29.02.2020)
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ECLGS 1.0(Extension)
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Nature of ECLGS facility
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Working Capital term Loan
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Eligibility criteria under the scheme
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a) All borrowers who have availed assistance under ECLGS 1.0 or new businesses who are eligible under ECLGS 1.0 based on the revised reference date of 31st March 2021 and meet the other terms of the scheme guidelines are eligible.
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ECLGS 2.0
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Nature of ECLGS facility
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Working Capital term Loan/ Non Fund Based facilities/Both
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Eligibility criteria under the scheme:
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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)
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ECLGS 2.0(Extension)
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Nature of ECLGS facility
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Working Capital term Loan/ Non Fund Based facilities/Both
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Eligibility criteria under the scheme:
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All borrowers who have availed assistance under ECLGS 2.0 or new businesses which are eligible under ECLGS 2.0 based on the revised reference date of 31st March 2021. and meet the other terms of the scheme guidelines .
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ECLGS 3.0
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Nature of ECLGS facility
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Working Capital Term Loan
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Eligibility criteria under the scheme:
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Business Enterprises/MSMEs in the Hospitality and related Sectors and Civil Aviation sector. There is no cap for total loan outstanding from all lending institutions . The total DPD<60 days (as on 29.02.2020)
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ECLGS 3.0(Extension)
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Nature of ECLGS facility
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Working capital term loan/Non-fund based facility/Both -as the case may be
· hospitality and related sectors-working capital term loan
· Aviation sector-Working capital term loan/Non-fund based facility/Both
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Eligibility criteria under the scheme:
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All borrowers who have availed assistance under ECLGS 3.0 or new businesses which are eligible under ECLGS 3.0 based on the revised reference date of 31st March 2021 or 31st January 2022.
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ECLGS 4.0
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Nature of ECLGS facility
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Working Capital term Loan/ Non Fund Based Facilities/Both
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Eligibility criteria under the scheme
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Existing Hospitals/Nursing homes/Clinics/Medical colleges having credit facility with FIs and with DPD less than 90 days as on 31.03.2021
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Maximum Loan Amount
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Rs.2.00 crores
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Purpose of advance
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Setting up low cost technologies like Pressure Swing Adsorption etc. for on-site oxygen generation
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For more details, contact your nearest branch or visit https://www.eclgs.com/
b. Loan Guarantee Scheme to Covid Affected Sectors (LGSCAS):
Government of India through Ministry of Finance, Department of Financial Services has introduced the Loan Guarantee Scheme for Covid Affected Sectors to provide guarantee coverage for loans to eligible projects in the healthcare sector.
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Particulars
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Details
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Eligible Borrower
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· Existing units proposing to expand/diversify/set up eligible projects or new units setting up eligible projects in areas other than the 8 metropolitan cities (Ahmedabad, Bangalore, Hyderabad, Chennai, Kolkata, Mumbai, New Delhi & Pune)
· Loans provided in individual capacity will not be covered under the Scheme
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Eligible Projects
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Project pertaining to the Healthcare sector for setting up of or modernisation / expansion of
· hospitals/dispensaries/clinics/medical colleges/pathology labs/diagnostic centres;
· manufacturing of vaccines/oxygen/ ventilators/priority medical devices; and
· public healthcare facilities.
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Maximum Project Cost
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Both brownfield projects and greenfield projects in the above area of operations, subject to a maximum loan of Rs.100 crores per project (including Fund Based & Non-Fund Based)
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Extent of Guarantee Coverage
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· For Greenfield projects – 75%
· For Brownfield projects – 50%; however, brown field projects in aspirational districts shall qualify for 75% cover .Aspirational Districts means districts across the country identified by Niti Ayog for transformation.
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Duration of scheme
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The Scheme would be applicable to all eligible loans sanctioned during the period from May 07, 2021 till March 31,2023, or till guarantees for an amount of Rs. 50,000 crore are issued under the scheme, whichever is earlier
· Last date of first disbursement shall be within 3 months of sanction of facility however, loans which were sanctioned prior to issuance of these revised guidelines shall be allowed additional time up to 3 months from the date of issue of the guidelines for first disbursement.
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Tenor of guarantee
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Brown Field projects
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Up to 2 years from the Date of Commencement of Commercial Operations (DCCO); subject to maximum period of 5 years from the date of first disbursement
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Green Field Projects
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Up to 5 years from the date of first disbursement
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