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  • WEC - Assignemnt

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    HARSHITA GAUTAM
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    The document announces modifications to the Emergency Credit Line Guarantee Scheme (ECLGS) including extending the duration to March 31, 2023 or until Rs. 4,50,000 crore in guarantees are issued, whichever is earlier. It also notes additional relief measures for borrowers in the hospitality and aviation sectors. Banks and financial institutions are advised to review the updated operational guidelines on the website and make best use of the modifications to the scheme.

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    WEC- Assignemnt

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    The document announces modifications to the Emergency Credit Line Guarantee Scheme (ECLGS) including extending the duration to March 31, 2023 or until Rs. 4,50,000 crore in guarantees are issued, whichever is earlier. It also notes additional relief measures for borrowers in the hospitality and aviation sectors. Banks and financial institutions are advised to review the updated operational guidelines on the website and make best use of the modifications to the scheme.

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    6 views1 page

    WEC - Assignemnt

    Uploaded by

    HARSHITA GAUTAM
    The document announces modifications to the Emergency Credit Line Guarantee Scheme (ECLGS) including extending the duration to March 31, 2023 or until Rs. 4,50,000 crore in guarantees are issued, whichever is earlier. It also notes additional relief measures for borrowers in the hospitality and aviation sectors. Banks and financial institutions are advised to review the updated operational guidelines on the website and make best use of the modifications to the scheme.

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    Ref No:1404/NCGTC/ECLGS March 30, 2022

    The Chairman & Managing Directors, Chief Executive Officers of all


    Scheduled Commercial Banks, Financial institutions,
    Non-Banking Finance Companies,
    Scheduled Urban Co-operative Banks (SUCBs)

    Dear Sir/ Madam,

    Subject - Emergency Credit Line Guarantee Scheme (ECLGS) – Modification in the Scheme
    Guidelines

    We wish to inform that the duration of Emergency Credit Line Guarantee Scheme (ECLGS) has been
    extended up to March 31, 2023 or till guarantees for an amount of Rs 4,50,000 crore are issued
    (taking into account all components of ECLGS), whichever is earlier.

    Some changes have also been introduced to provide further relief to borrowers belonging to the
    Hospitality related sectors and the Aviation sector.

    The revised detailed operational guidelines (updated as on March 30, 2022), have been uploaded on
    our website. We advise you to make the best use of the modifications in the scheme. The revised
    FAQs shall be issued shortly.

    Yours faithfully

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