SpiceJet and Go First airlines have borrowed Rs 127.51 crore and Rs 25.65 crore, respectively under the Emergency Credit Line Guarantee scheme started by the Centre to provide assistance to Covid-affected businesses, Minister of State for Civil Aviation V K Singh said on Wednesday. While Go First, previously known as GoAir, borrowed the amount under the Emergency Credit Line Guarantee Scheme (ECLGS 2.0), SpiceJet borrowed the money under ECLGS 3.0, he said in a written reply in the Rajya Sabha.
“According to the information received from the National Credit Guarantee Trustee Company, as on July 16, borrowers belonging to aviation sector have been provided guarantee support to the extent of Rs 349 crore (under ECLGS scheme),” the minister noted.
