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  • Stimulus measures inadequate, larger economic package needed for recovery: Parliamentary panel Jul 28, 2021 01:20 PM IST

    Stimulus measures inadequate, larger economic package needed for recovery: Parliamentary panel

    Measures to bolster demand, investments, exports and employment generation are needed to help the economy, including micro, small and medium enterprises, to recover from the pandemic fallout, the committee said.

  • COVID-19 effect | Finance Ministry brings expenditure curbs back for several ministries from July 1 Jun 30, 2021 06:01 PM IST

    COVID-19 effect | Finance Ministry brings expenditure curbs back for several ministries from July 1

    The curbs imposed for July-September quarter are much more liberal than those imposed for most of 2020-21. It is believed that the expenditure curbs last year saved the centre anything between Rs 1-1.5 lakh crore, though it did not matter much in the end.

  • 90% of first ECLGS amount disbursed so far: Report Jun 29, 2021 06:46 PM IST

    90% of first ECLGS amount disbursed so far: Report

    On Monday, the government expanded the emergency credit line guarantee scheme (ECLGS) by another Rs 1.5 lakh crore, which Crisil feels will help alleviate the potential stress on asset quality of banks arising from the second wave of the pandemic.

  • EXPLAINED | The credit guarantee schemes announced by FM to ease Covid-induced financial pain Jun 28, 2021 07:55 PM IST

    EXPLAINED | The credit guarantee schemes announced by FM to ease Covid-induced financial pain

    Finance Minister Nirmala Sitharman on 28 June listed out initiatives costing a total of Rs. 6.29 lakh crore. The overwhelming majority of this however, will be spread across the series of credit guarantee schemes spread across sectors. We take a look at the details.

  • Revised ECLGS will help hotels, aviation sector, tour operators: CRISIL Jun 03, 2021 04:07 PM IST

    Revised ECLGS will help hotels, aviation sector, tour operators: CRISIL

    More sectors have been brought under the scheme's ambit, some eligibility criteria have been relaxed, and micro, small and medium enterprises (MSMEs) have been allowed to avail of loans for longer tenures, it said.

  • Experts cheer expansion of ECLGS, but flag NPA risk from removal of loan ceiling Jun 01, 2021 02:58 PM IST

    Experts cheer expansion of ECLGS, but flag NPA risk from removal of loan ceiling

    Civil aviation will gain from the Emergency Credit Line Guarantee Scheme but experts said the benefits may not be enough for airlines as they have suffered huge losses.

  • Retailers Association of India urges govt to extend ECLGS benefits to retailers Apr 28, 2021 06:02 PM IST

    Retailers Association of India urges govt to extend ECLGS benefits to retailers

    Putting forward a series of demands, RAI said around 80 percent of the retail stores are closed due to various restrictions across states and almost Rs 75,000 crore could turn NPA if urgent measures to ease the working capital challenges are not taken by the Reserve Bank and the Centre.

  • Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme Apr 01, 2021 03:45 PM IST

    Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme

    The ECLGS aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.

  • Govt extends Emergency Credit Line Guarantee Scheme till June 30 Mar 31, 2021 07:07 PM IST

    Govt extends Emergency Credit Line Guarantee Scheme till June 30

    The National Credit Guarantee Trustee Company will issue the revised operational guidelines.

  • Extended ECLGS can infuse over Rs 40,000 crore liquidity: Report Nov 30, 2020 07:19 PM IST

    Extended ECLGS can infuse over Rs 40,000 crore liquidity: Report

    The possible over Rs 40,000-crore liquidity through the ELCGS 2.0 will be sufficient to help companies, including those hit by a sharp decline in cash flows because of the pandemic, to overcome liquidity pressures,” says a CRISIL report.

  • Government tweaks emergency credit line guarantee scheme, puts out FAQ Nov 26, 2020 03:59 PM IST

    Government tweaks emergency credit line guarantee scheme, puts out FAQ

    Banks will provide 100 percent government-guaranteed funding to borrowers in 26 sectors identified by the KV Kamath Panel.

  • How government's ECLGS scheme came as a face-saver for banks Nov 13, 2020 02:51 PM IST

    How government's ECLGS scheme came as a face-saver for banks

    The modified ECLGS scheme now covers almost all segments of stressed borrowers. Companies can use this money to stay afloat till growth rebounds.

  • Emergency credit line: Banks' cumulative sanctions touch 54% of 3-lakh crore target, says Care Ratings Sep 10, 2020 08:25 PM IST

    Emergency credit line: Banks' cumulative sanctions touch 54% of 3-lakh crore target, says Care Ratings

    The share of state-run banks sanctions and disbursements in total sanctions and disbursements stood at 48 percent and 55 percent, while private banks share stood at 52 percent and 45 percent, respectively as of September, it said.

  • Banks sanction Rs 1.30 lakh crore loans to MSMEs under credit guarantee scheme Jul 24, 2020 09:08 PM IST

    Banks sanction Rs 1.30 lakh crore loans to MSMEs under credit guarantee scheme

    The latest numbers on the ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector banks (PSBs), 22 private sector banks and 23 non-banking financial companies (NBFCs).

  • A month of Rs 3 lakh crore MSME loan scheme: Sanctions are high but disbursals remain low; here's why Jun 29, 2020 10:50 AM IST

    A month of Rs 3 lakh crore MSME loan scheme: Sanctions are high but disbursals remain low; here's why

    A closer look at the emergency credit line guarantee scheme (ECLGS) numbers show, even though banks have been aggressive in ramping up loan sanctions, the actual disbursements are yet to pick up in a meaningful way.

  • Don't assign risk weight on credit under ECLGS: RBI to lending institutions Jun 22, 2020 07:21 AM IST

    Don't assign risk weight on credit under ECLGS: RBI to lending institutions

    The government in May introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100 per cent guarantee coverage for additional working capital term loans (in case of banks and financial institutions) and additional term loans (in case of NBFCs) up to 20 per cent of their entire outstanding credit up to Rs 25 crore as on February 29, 2020.

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