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Centre may extend deadline to avail ₹3 lakh crore emergency credit facility

The Union Cabinet on May 20, 2020 approved an Emergency Credit Line Guarantee Scheme (ECLGS) with a corpus of ₹41,600 crore for about five months ending on October 31.The scheme provides for an easy additional working capital loan at a concessional rate of interest to an existing borrower who was not a defaulter.
The government has already extended its scope by enhancing eligibility criteria to include larger units and also allowed individual professionals such as doctors, chartered accountants and cab drivers.(ANI PHOTO.)
The government has already extended its scope by enhancing eligibility criteria to include larger units and also allowed individual professionals such as doctors, chartered accountants and cab drivers.(ANI PHOTO.)
Updated on Aug 03, 2020 06:19 PM IST
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Hindustan Times, New Delhi | ByRajeev Jayaswal | Edited by Sohini Sarkar
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