View All Emergency Credit Line Guarantee Scheme (ECLGS)

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) to all Business Enterprises/MSME institutions/PMMY borrowers, as a measure to revive the business operations.

 
Eligibility under the scheme:
ECLGS 1.0
Nature of ECLGS facility: Working Capital term Loan

Business Enterprises/MSME institutions/PMMY borrowers with,

a.       Total credit outstanding up to Rs. 50.00 crore

b.       DPD<60 days

ECLGS 2.0

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

b.      DPD<30 days

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