Extended ECLGS to cover aviation, others
The government has expanded and extended the emergency credit guarantee scheme announced last year to provide relief to pandemic-hit businesses to cover more sectors, including civil aviation, and provide enhanced support after the second wave.
The expanded Emergency Credit Line Guarantee Scheme (ECLGS) will now cover hospitals, clinics and medical colleges for setting up on-site oxygen generation plants, civil aviation and additional ECLGS assistance — of up to 10% of the outstanding as on February 29, 2020 — to borrowers covered under ECLGS 1.0, the government said.
