Sep 29, 2021 04:19 PM IST
Further, the last date of disbursement under the scheme has also been extended June 30, 2022.
- Aug 13, 2021 06:15 PM IST
The Emergency Credit Line Guarantee Scheme for MSMEs has been more successful than the Credit Guarantee Scheme for Subordinate Debt because it is business-friendly and more pragmatic in its approach, experts said
- Jun 28, 2021 03:17 PM IST
ECLGS -- the government's flagship scheme to help businesses hit by the pandemic -- will now have a total outlay of Rs 4.5 lakh crore, up from the earlier Rs 3 lakh crore, Finance Minister Nirmala Sitharaman announced on June 28.
- 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.
- Mar 18, 2021 08:35 PM IST
Gadkari also said the ministry has been running various schemes to provide credit facilities to the MSME sectors such as an interest subvention scheme for incremental credit which offers a 2 per cent interest subsidy, Credit Guarantee Scheme for micro and small enterprises (MSEs) for collateral-free / third-party guarantee-free loans.
- Feb 08, 2021 07:52 PM IST
The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector which include Rs 3 lakh crore collateral free automatic loans for business, including MSMEs under Emergency Credit Line Guarantee Scheme (ECLGS).
- Nov 02, 2020 06:11 PM IST
The scheme has been extended till November 30 or till such time that an amount of Rs 3 lakh crore is sanctioned under the scheme, whichever is earlier, the Finance Ministry said in a statement said.
- Oct 08, 2020 05:08 PM IST
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).
- Sep 24, 2020 09:21 PM IST
The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs).
- Sep 13, 2020 03:12 PM IST
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).
- Sep 02, 2020 08:15 PM IST
Besides assessing the preparedness of banks on the debt recast, sources said, the meeting will also review the progress of various schemes announced under the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyaan.
- Aug 25, 2020 11:00 PM IST
The Finance Ministry on August 25 said banks have sanctioned loans of about Rs 1,55,995 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under the slowdown caused by the coronavirus pandemic.
- Jul 31, 2020 05:30 PM IST
As part of the Aatmanirbhar Bharat Package, the government had announced Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.
- Jul 17, 2020 06:37 PM IST
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
- Jun 03, 2020 11:50 AM IST
PSBs have sanctioned loans worth Rs 10,361.75 crore under the 100 percent ECLGS starting June 1.
- May 26, 2020 05:54 PM IST
Under this scheme, MSMEs borrowers with up to Rs 25 crores of total borrowing can avail an additional 20 percent of the loan outstanding from banks, NBFCs, and other financial institutions (FI).
- May 21, 2020 04:56 PM IST
This was the second-biggest component of Rs 20 lakh crore economic relief package announced by Finance Minister Nirmala Sitharaman last week