Emergency Credit Line Guarantee Scheme 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. ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Aatmanirbhar Bharat • Aatmanirbhar Bharat package • COVID-19 • Emergency Credit Line Guarantee Scheme • Emergency Credit Line Guarantee Scheme (ECLGS) 4.0
Public Sector Banks announce new loans
Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide unsecured loans of up to 5 lakh rupees to individuals. Loan can be utilized to meet their and family members’ treatment cost. Indian Banks Association and State ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: COVID-19 • COVID-19 relief package • Emergency Credit Line Guarantee Scheme • Indian Bank Association • Public Sector Banks • State Bank of India
Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME
The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Canara Bank • Emergency Credit Line Guarantee Scheme • Ministry of Finance • MSME sector • Punjab National Bank • State Bank of India
Inclusion of individual loans under ECLGS approved
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 ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: ECLGS • Emergency Credit Line Guarantee Scheme • GECL • Guaranteed Emergency Credit Line Facility • MUDRA • Public Sector Enterprises Policy
Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs
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
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: ECLGS • Emergency Credit Line Guarantee Scheme • MSME • Private Sector Banks • Public Sector Banks