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ECLGS 4.0
June 3 , 2021
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- The Government has increased the scope of Emergency Credit Line Guarantee Scheme (ECLGS) for three more months.
- Extension will help businesses across several sectors of economy.
About
- 100% guarantee cover to be provided on loans, in hospitals/nursing clinics/medical colleges/homes, up to Rs.2 crore.
- Loan can be utilized up to set up on-site oxygen generation plants.
- Interest rate on load was capped at 7.5%.
- Additional ECLGS assistance of up to 10% of outstanding by February 2020 to borrowers who are covered under ECLGS 1.0.
- Ceiling of Rs. 500 Cr. of loan outstanding for eligibility under ECLGS 3.0 will be removed.
- Civil Aviation sector will be eligible under ECLGS 3.0.
- Validity of ECLGS extended to 30.09.2021.
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