Emergency Credit Line Guarantee Scheme (ECLGS) 4.0 Current Affairs, GK & News

Emergency Credit Line Guarantee Scheme (ECLGS) 4.0

Government has increased the scope of Emergency Credit Line Guarantee Scheme (ECLGS) for three more months overviewing the disruptions caused by second wave of COVID 19 pandemic. Extension will help businesses across several sectors of economy. About ECLGS 4.0 100% guarantee cover to be provided on loans, in hospitals/nursing clinics/medical colleges/homes, up to Rs.2 crore. ..

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Enhancement in ECLGS limit

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 ..