Emergency Credit Line Guarantee Scheme modified and Extended till 31.03.2022
Ministry of Finance vide press release 1759251dated 29th September, 2021 has extended the scope of ECLGS’ and scheme extended till 31.03.2022 or till guarantees for an amount of Rs. 4.5 lakh crore are issued under the scheme, whichever is earlier. Further, the last date of disbursement under the scheme has also been extended to 30.06.2022 to support various businesses impacted by the second wave of COVID 19 pandemic.
EMERGENCYCREDIT LINE GUARANTEESCHEME(ECLGS) launched by Government of India as a special scheme in view of COVID-19 crisis to provide 100% guarantee coverage to Banks and NBFCs to enable them to extend emergency credit facilities toBusiness Enterprises / MSMEs in view of COVID-19 to meet their additional term loan/additional working capitalrequirements.
List of modifications have been made in the scheme to enable support to businesses impacted by the second wave of COVID:
Source: Release ID: 1759251
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