ECLGS

Micro, small and medium enterprises who availed loans under the emergency credit line guarantee scheme (ECLGS) have exhibited good repayment behaviour with their bad loans ratio remaining lower than the industry average. The banking…

NEW DELHI: Lessors of two more aircraft currently with SpiceJethave approached the Directorate General of Civil Aviation (DGCA) to de-register their planes rented to the airline. These latest requests come after similar pleas for…

Prime Minister Narendra Modi on Thursday said that Emergency Credit Line Guarantee Scheme for small and medium industries saved nearly 1.5 crore jobs during Covid-19 pandemic. Modi, while addressing the Labour Ministers conference,…

The Cabinet on Wednesday approved a ₹50,000-crore increase in the limit for the Emergency Credit Line Guarantee Scheme (ECLGS) to ensure low-cost credit to hospitality and related segments hit hard by the Covid-19 pandemic. It also…

The hospitality industry welcomed the decision to approve an additional ₹50,000 crore specifically for hospitality and related sectors under the Emergency Credit Line Guarantee Scheme (ECLGS). Industry bodies said the additional line of…

The government on Wednesday approved an additional Rs 50,000 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) to ensure low-cost credit flow to hospitality and related segments hit hard by the COVID pandemic. Union Cabinet…

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…

TNN Mumbai: Private sector banks more than tripled their share in loans sanctioned to the micro, small and medium enterprise (MSME) sector to 69.8% in FY22 from the previous year’s levels. Earlier, private bankshad almost halved their…