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In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled Emergency Credit Line Guarantee Scheme (ECLGS) to provide 100% guarantee coverage for the Guaranteed Emergency Credit Line (GECL) assistance of loan outstanding as on 29th February, 2020 or 31st March 2021, whichever is higher, to eligible borrowers including eligible Business Enterprises / Micro, Small and Medium Enterprise (MSME) borrowers.
The Scheme would be applicable to all loans sanctioned under GECL during the period from May 23, 2020 to March 31,2023, or till guarantees for an amount of Rs. 4.5 lakh crore are issued by NCGTC, whichever is earlier.
For More details, you may visit NCGTC site at www.ncgtc.in or contact nearest branch. We will glad to assist you.
Key Highlights of the Emergency Credit Line Guarantee Scheme