Details of Credit Schemes Guaranteed by NCGTC
a. Emergency Credit Line Guarantee Scheme:
“The Government of India through ministry of finance has 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 2.0, ECLGS 3.0 & ECLGS 4.0”
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 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 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 in the Hospitality, Travel& Tourism , Leisure & Sporting sectors and Civil Aviation sector with
a. Total credit outstanding up to Rs. 500.00 crore (as on 29.02.2020)
b. DPD<60 days (as on 29.02.2020)
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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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b. Loan Guarantee Scheme to Covid Affected Sectors:
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 (i) hospitals/ dispensaries/ clinics/medical colleges/pathology labs/diagnostic centres; (ii) manufacturing of vaccines/oxygen/ventilators/priority medical devices; and (iii) 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
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Duration of scheme
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From May 07, 2021 till March 31, 2022, or till guarantees for an amount of Rs.50,000 crore are issued under the scheme, whichever is earlier.
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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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For more details visit https://www.ncgtc.in/en/products-n-services/lgscas
c. Credit Guarantee Scheme to MFIs
Government of India through Ministry of Finance, Department of Financial Services has introduced the Credit Guarantee Scheme for MFIs to provide guarantee coverage for the
funding to NBFC-MF| or MFls for on lending to eligible small borrowers in the context of Covid-19 pandemic.
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Particulars
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Details
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Target Borrowers
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All NBFC-MFIs / MFI - Others registered with one of the Self-Regulatory Organizations recognized by RBI (presently MFIN & Sa-Dhan) are eligible for support under the scheme.
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Purpose
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On lending to eligible small borrowers in the context of Covid -19 pandemic
“Eligible small borrower” means existing or new small borrowers within the regulatory definition of micro finance as prescribed by RBI from time to time. Such borrowers should not be in default for more than 90 days as on the date of sanction/disbursement by the NBFC-MFI/MFI - Others
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Availability of the scheme
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Till March 31, 2022 or till guarantees for an amount of Rs. 7,500.00 crores are issued, whichever is earlier
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