Purpose of the Scheme

Emergency Credit Line Guarantee Scheme (ECLGS) was launched to provide 100% guarantee coverage for the GECL, which shall be a pre-approved sanction limit of up to 20% of loan outstanding as on 29th February, 2020 to eligible borrowers, in the form of additional working capital term loan facility (in case of banks and Financial Institutions), and additional term loan facility (in case of NBFCs) from all Member Lending Institutions (MLIs) to eligible Business Enterprises / Micro, Small and Medium Enterprise (MSME) borrowers, including interested PMMY borrowers, in view of COVID-19 crisis, as a special Scheme.

For operational guidelines regarding the Emergency Credit Line Guarantee Scheme (ECLGS) refer to this document.

For more details on Emergency Credit Line Guarantee Scheme (ECLGS) click here