ECLGS Current Affairs, GK & News
On July 17, 2022 Union Cabinet gave its nod to increase the “Emergency Credit Guarantee Scheme (ECLGS)” limit by Rs 50,000 crore. With this increase, the limit will increase to Rs. 5 trillion. Additional amount is being reserved for entities in hospitality and other related sectors. Additional amount was approved after considering that, other sectors ..
Category: Economy & Banking Current Affairs - 2022
The Ministry of Finance recently expanded the scope of Emergency Credit Line Guarantee Scheme to Rs 3 lakh crores. It aims to provide relief to stressed companies in the country. This mainly includes business enterprises in tourism, hospitality, travel and sporting sector. The National Credit Guarantee Trustee Company is the guarantee provider of the ECLGS ..
Category: Government Schemes Current Affairs
The government has given the approval for inclusion of individual loans under the Emergency Credit Line Guarantee Scheme. The government has taken this decision after extensive discussions with the stakeholders and all the individual loans taken for business purposes will be considered under this guarantee scheme. Highlights The government has increased the outstanding loans limit ..
As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the country. As on July 15 2020, the total sanctioned amount under the scheme is Rs ..
Month: Current Affairs - July, 2020