Search For "emergency credit line"
India's gems and jewellery exports likely to reach USD 40 bn in 2021-22: P
Updated : 4 years, 1 month ago IST
New Delhi [India], February 18 (ANI): India's gems and jewellery exports are expected to reach USD 40 billion in the current financial year, Union Minister for Commerce and Industry Piyush Goyal said on Friday.
Read More
"Union Budget 2022-23 positive and growth oriented", Chairman, TEXPROCIL
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 2 (ANI/NewsVoir): The Union Budget for 2022-23 has extended the Emergency Credit Line Guarantee scheme (ECLGS) up to March 2023 and its cover will be expanded by Rs. 50000 crore to total cover of Rs. 5 lakh crore. "This is a very positive step as it wil
Read More
Emergency Credit Line Guarantee Scheme extended till March 2023
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, and said that the cover will now be expanded by Rs 50,000 crores to a total cover of Rs 5 lakh crores.
Read More
Centre lists steps taken to improve flow of credit to MSME sector in RS
Updated : 4 years, 3 months ago IST
New Delhi [India], December 22 (ANI): Union Minister of State for Finance Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat Package with the objective to help MSMEs and business enterprises to meet thei
Read More
Finance Ministry extends Emergency Credit Line Guarantee Scheme till March
Updated : 4 years, 5 months ago IST
New Delhi [India], September 29 (ANI): With a view to supporting the various businesses impacted by the second wave of the COVID-19 pandemic, the Government of India has decided to extend the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 31, 2022, or till guarant
Read More
Expanded ECLGS a lifeline for sectors hit by second Covid wave: Crisil
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): The expansion of Emergency Credit Line Guarantee Scheme (ECLGS) announced by the government will help companies in sectors like civil aviation, hotels and tour operators where demand has been severely affected by the intense second wave of Covid-19
Read More
Extension in period for repayment under ECLGS will help MSMEs - Chairman T
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI/News Voir): The Government has modified the ECLGS (Emergency Credit Line Guarantee Scheme). Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ECLGS 1.0 of overall period of four years compr
Read More
COVID-19: Centre expands Emergency Credit Line Guarantee Scheme amid secon
Updated : 4 years, 10 months ago IST
New Delhi [India], May 30 (ANI): The Ministry of Finance on Sunday further expanded the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) amid the economic disruption caused by the second wave of the COVID-19 pandemic.
Read More
Avail funds for small business with a business loan from Ziploan
Updated : 5 years ago IST
New Delhi [India], March 9 (ANI/BusinessWire India): MSMEs contribute to a great extent when it comes to the GDP of the nation and to assist these micro, small and medium enterprises (MSME), the government of India had declared a Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS)
Read More
Avail funds for small business in just 24 hours with a business loan from
Updated : 5 years, 1 month ago IST
Pune (Maharashtra) [India], February 17 (ANI/BusinessWire India): To help micro, small and medium enterprises (MSME) mitigate the stress caused by the lockdown, the government of India announced a Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs under the Aatmanirbhar
Read More
Moderate bank stress formation likely but provisioning can remain elevated
Updated : 5 years, 2 months ago IST
Mumbai (Maharashtra) [India], Jan 11 (ANI): Bank credit growth remains moderate but the outlook is improving due to healthy traction in mortgage, auto and cards led by faster economic recovery, Emkay Global Financial Services said on Monday.
Read More
Tapering of Covid-19 relief lowers risk of decline in asset quality: Moody
Updated : 5 years, 3 months ago IST
Singapore, Dec 17 (ANI): As the coronavirus pandemic drags on, regulators in ASEAN and India are facing a need to strike a balance between continuing to support some borrowers and weaning others off debt relief measures introduced at the onset of outbreak, according to Moody's Investors Serv
Read More