Business Standard

Govt extends ECLGS by one year, expands scope for contact-intensive sectors

Eligible borrowers in hospitality and related sectors, except civil aviation, can avail up to 50% of their highest fund based credit outstanding

credit, lending, loans, support, fiscal stimulus, money
Premium

Illustration: Ajay mohanty

Nikunj Ohri New Delhi
The Centre has expanded the scope of Emergency Credit Line Guarantee Scheme (ECLGS) by allowing contact-intensive sectors to avail up to 50 per cent of their credit outstanding as against the earlier limit of 40 per cent, and raising the per borrower cap for civil aviation sector to Rs 400 crore.

The ECLGS scheme has been extended by one year until March 2023, and allows new borrowers in the hospitality and related sectors who have borrowed from March 31, 2021 to January 31, 2022 to avail of funds under the scheme.

Eligible borrowers in hospitality and related sectors, except civil aviation, can

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2022 | 12:03 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com