 "money, cash, private equity")
The Finance Industry Development Council, a representative body of non-banking finance companies, has written to Finance Minister Nirmala Sitharaman seeking inclusion of all individuals who have taken loans for purchase of vehicles for commercial purposes for assistance under the Emergency Credit Line Guarantee Scheme (ECLGS).
The National Credit Guarantee Trustee Company (NCGTC), which is providing 100 per cent guarantee under ECLGS, on July 2 clarified that all eligible borrowers, including business enterprises/MSMEs, individuals in case of loans covered under MUDRA scheme who have availed debt against vehicles for commercial purposes are eligible for assistance under ECLGS.
FIDC said the assistance to eligible
