Jul 28, 2021 01:20 PM IST
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.
- Jun 30, 2021 06:01 PM IST
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.
- Jun 29, 2021 06:46 PM IST
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.
- Jun 28, 2021 07:55 PM IST
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.
- Jun 03, 2021 04:07 PM IST
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.
- Jun 01, 2021 02:58 PM IST
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.
- Apr 28, 2021 06:02 PM IST
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.
- Apr 01, 2021 03:45 PM IST
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.
- Mar 31, 2021 07:07 PM IST
The National Credit Guarantee Trustee Company will issue the revised operational guidelines.
- Nov 30, 2020 07:19 PM IST
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.
- Nov 26, 2020 03:59 PM IST
Banks will provide 100 percent government-guaranteed funding to borrowers in 26 sectors identified by the KV Kamath Panel.
- Nov 13, 2020 02:51 PM IST
The modified ECLGS scheme now covers almost all segments of stressed borrowers. Companies can use this money to stay afloat till growth rebounds.
- Sep 10, 2020 08:25 PM IST
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.
- Jul 24, 2020 09:08 PM IST
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).
- Jun 29, 2020 10:50 AM IST
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.
- Jun 22, 2020 07:21 AM IST
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.