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The Latest Breaking News from ECLGS

Govt in touch with SpiceJet over operational, financial challenges; Airline seeks funds under ECLGS scheme

SpiceJet is seeking funds through the Emergency Credit Line Guarantee Scheme. The government is pushing the airline to increase its operational capacity. Discussions are ongoing regarding SpiceJet's financial and operational challenges. The Civil Aviation Minister confirmed these interactions with the airline. The government monitors airfares and has an ATF price…

The Economic Times · Sep 3

Global headwinds, resilient MSMEs: India’s ECLGS 5.0 response

The real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.

The Economic Times · Jul 10

Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis

Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industries affected by the West Asia conflict. The scheme aims to provide crucial liquidity and prevent job losses. It offers additional credit and guarantees to eligible businesses.

The Economic Times · Jun 1

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T.N. CM urges PM to withdraw import duty on cotton and restructure credit scheme to help struggling spinning mills

Tamil Nadu CM Stalin appeals to PM Modi to withdraw 11% import duty on cotton, restructure ECLGS & temporarily ban export of waste cotton to help struggling spinning industry. Requested to extend moratorium on loan repayment, reduce interest rates & extend cash credit limits.

The Hindu · Jul 19, 2023

Private sector lenders ahead in utilising ECLGS: RBI

MUMBAI: Private sector banks have show greater appetite than their public sector peers in utilising the Emergency Credit Line Guarantee Scheme (ECLGS), an RBI report said on Thursday.

The Times of India · Jun 30, 2022

Emergency Credit Line Guarantee Scheme disbursals to MSMEs up 10%

AHMEDABAD: Though demand has improved and economic activity resumed after the worst of the pandemic, MSMEs still face working capital problems. Disbursals under the Emergency Credit Line Guarantee Scheme (ECLGS) continued to see offtake grow, as inflation and high raw material and logistics costs are pushed up working capital requirements…

The Times of India · Jun 25, 2022

FM’s loan extension doesn’t excite hospitality industry

JAIPUR: The finance minister’s proposal to extend Emergency Credit Line Guarantee Scheme (ECLGS) by a year to help hospitality and related enterprises failed to cheer the sector.

The Times of India · Feb 1, 2022

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