Govt extends ECLGS to aviation sector; industry player says decision to ease liquidity pressure

The government on Sunday announced extending the Emergency Credit Line Guarantee Scheme to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment.

Industry players said the “timely” decision to include the aviation sector under the Emergency Credit Line Guarantee Scheme (ECLGS), which was announced in May last year, will ease the pressure and provide the much-needed liquidity.