Search For "credit line"
Centre's ECLG scheme saved 12 pc of outstanding MSME credit from slipping
Updated : 3 years, 4 months ago IST
The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of Aatmanirbhar Bharat initiative to support eligible Micro, Small and Medium Enterprises (MSMEs) and business enterprises
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Sri Lanka conveys its 'profound' gratitude to PM Modi: Sri Lankan Foreign
Updated : 3 years, 4 months ago IST
"We are experiencing our most serious economic crisis. It is no exaggeration to say that it was for the most part, the enormous support amounting to USD 4 billion worth of credit line provided by India for the import of essential goods as well as other humanitarian assistance that we were
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EAM Jaishankar to visit Maldives, Sri Lanka this week
Updated : 3 years, 4 months ago IST
According to the statement, Jaishankar will visit to Maldives and Sri Lanka from January 18-20. During his visit to Maldives, Jaishankar would call on President Ibrahim Mohamed Solih and will also hold discussions with the Minister of Foreign Affairs Abdulla Shahid.
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Happay launches its Invoice Processing Tool to ease vendor payments
Updated : 3 years, 6 months ago IST
Bengaluru (Karnataka) [India], October 31 (ANI/BusinessWire India): Happay (now acquired by CRED), a B2B fintech company, recently launched its vendor payment module -- Happay Invoice, which aims to simplify supplier payments by enabling direct B2B transfers through NEFT/RTGS.
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SpiceJet to receive around Rs 225 cr next week under credit guarantee sche
Updated : 3 years, 8 months ago IST
New Delhi [India] September 2 (ANI): Budget carrier SpiceJet will receive around Rs 225 crore next week as part of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme, sources in the airline told ANI.
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Cabinet approves enhancement in ECLGS corpus, hospitality sector to get bo
Updated : 3 years, 9 months ago IST
New Delhi [India], August 17 (ANI): The Union Cabinet on Wednesday approved the enhancement in the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore to Rs 5 lakh crore, with the additional amount being earmarked exclusively for enterprises in hospitality and rel
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Emergency Credit Line Guarantee Scheme corpus increased by Rs 50,000 crore
Updated : 3 years, 9 months ago IST
New Delhi [India], August 17 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to enhance the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore to Rs 5 lakh crore.
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44,000 MT urea under India's credit line set to arrive in Colombo
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], July 10 (ANI): Indian High Commissioner to Sri Lanka Gopal Baglay met with Sri Lanka's Agriculture Minister Mahinda Amaraweera and informed him about the arrival of over 44,000 MT of urea supplied under a credit line extended by New Delhi to Colombo.
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FICCI-CMSME President R Narayan congratulates all the MSMEs and startups o
Updated : 3 years, 11 months ago IST
New Delhi [India] June 27 (ANI/NewsVoir): Every big business starts out small, but each small business has made a big impact in the last year. From survival to recovery, India's MSMEs have put up a magnificent display of resilience and strength.
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Sri Lanka to use USD 70 million from Indian credit line to import food
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], June 25 (ANI): Sri Lankan government had given its approval to make the use of another USD 70 million from the USD 1 billion Line of Credit (LoC) extended by India during the ongoing crisis to import essential food items.
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Sri Lankan PM Wickremesinghe says economy has collapsed, will hold talks w
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], June 22 (ANI): Prime Minister of crisis-ridden Sri Lanka on Wednesday said that he will hold discussions with the International Monetary Fund (IMF) and arrive at an agreement to obtain an additional credit facility.
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India extends Sri Lanka USD 55 million credit line for fertiliser imports
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], June 11 (ANI): The Indian government has decided to extend a Line of Credit (LOC) of USD 55 million to Sri Lanka for the procurement of Urea Fertiliser.
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