| PDF Name | ECLGS Scheme 2024 Guidelines PDF |
|---|---|
| Last Updated | October 15, 2022 |
| No. of Pages | 18 |
| PDF Size | 5.37 MB |
| Language | English |
| Category | Government Schemes, Forms, Policies & Guidelines PDF |
| Topic / Tag | Govt Scheme Guidelines |
| Source(s) / Credits | Sarkari Yojana |
ECLGS Scheme 2024 guidelines available to download in PDF format at financialservices.gov.in. This scheme will provide 100% guarantee to banks and NBFCs to enable them to extend credit facilities to business enterprises / MSMEs to meet their additional term loan/ working capital requirements.
Emergency Credit Line Guarantee Scheme (ECLGS)
Emergency Credit Line Guarantee Scheme has the following components:-
- ECLGS 1.0 – ECLGS-1.0 refers to the scheme for providing 100% Guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers whose total credit outstanding (fund based only) across all lending institutions and days past due as on February 29, 2020 was upto Rs. 50 crore and upto 60 days respectively.
- ECLGS 1.0(Extension) – ECLGS 1.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 1.0 or new borrowers eligible under ECLGS 1.0 based on revised reference date of March 31, 2021.
- ECLGS 2.0 – ECLGS-2.0 refers to the scheme for providing 100% Guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers in the 26 sectors identified by the Kamath Committee on Resolution Framework vide its report dated 04.09.2020 and the Healthcare sector whose total credit outstanding (fund based only) across all lending institutions and days past due as on February 29, 2020 was above Rs. 50 crore and not exceeding Rs. 500 crore and upto 60 days respectively.
- ECLGS 2.0(Extension) – ECLGS 2.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 2.0 or new borrowers eligible under ECLGS 2.0 based on revised reference date of March 31, 2021.
- ECLGS 3.0 – ECLGS 3.0 refers to the scheme for providing 100% guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers in the Hospitality and related Sectors-Hotels and restaurants, marriage halls, canteens etc, travel and tourism travel agents, tour operators, adventure or heritage facilities, leisure and sporting, private bus operators, car repair services, rent-a-car service providers, event/conference organizers, spa clinics, beauty parlours/saloons, motor vehicle aggregators, cinema halls, swimming pools, entertainment parks, theatres, bars, auditorium, yoga institutes, gymnasiums, other fitness centers, units/person engaged in catering or cooking and Floriculture products, and Civil Aviation Sector- Airlines (including scheduled and non-scheduled airlines, chartered flight operators, air ambulances), airports, aviation ancillary services such as ground handling and supply chain whose days past due are upto 60 days as on February 29, 2020.
- ECLGS 3.0(Extension) – ECLGS 3.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 3.0 or new borrowers eligible under ECLGS 3.0 based on revised reference date of March 31, 2021 or January 31,2022.
- ECLGS 4.0 (hereinafter together referred as the ‘Scheme’) – ECLGS 4.0 refers to the scheme for providing 100% guarantee to member lending institutions in respect of eligible credit facility extended by them to eligible hospitals/nursing homes/clinics/medical colleges/ units engaged in manufacturing of liquid oxygen, oxygen cylinders etc. For setting up of on-site oxygen producing plants. The credit product for which guarantee would be provided under the Scheme shall be named as ‘Guaranteed Emergency Credit Line (GECL)’.
Purpose of ECLGS Scheme
To provide 100% guarantee coverage for the GECL assistance of loan outstanding as on 29 February, 2020 or 31 March 2021 or 31 January 2022, whichever is higher (for ECLGS 4.0 only 31 March 2021), to eligible borrowers, in the form of additional term loan/working capital term loan facility and/or non-fund based facility [under ECLGS 2.0/2/0(Extension)/3.0/3.0(Extension) and 4.0] 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, as a special scheme.