Civil aviation now under ECLGS, norms eased to support smaller businesses

| | New Delhi
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Civil aviation now under ECLGS, norms eased to support smaller businesses

Monday, 31 May 2021 | IANS | New Delhi

The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme.

Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current ceiling of Rs 500 crore of loan outstanding for eligibility under ECLGS 3.0 will be removed, subject to maximum additional ECLGS assistance to each borrower being limited to 40 per cent or Rs 200 crore, whichever is lower.            

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