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ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium.

ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium.

by TEXTILE VALUE CHAIN | Nov 27, 2020 | Covid 19, Industry And Cluster, News & Insights

Borrowers availing loans under the Emergency Credit Line Guarantee Scheme (ECLGS) 2.0 will have to repay the principal amount in 48 installments post the one-year moratorium, according to the new scheme’s operational guidelines released on Thursday. The government...
ECLGS 2.0 announced for stressed sectors and further extended further till March 2021

ECLGS 2.0 announced for stressed sectors and further extended further till March 2021

by TEXTILE VALUE CHAIN | Nov 18, 2020 | Industry And Cluster, News & Insights

Ms. Nirmala Sitharaman, the Finance Minister, today announced 12 new stimulus measures as a part of “Atmanirbhar Bharat 3.0”. As a part of these measures, the ECLGS scheme has been extended till March 31, 2021. Last week, ECLGS 1.0 was extended till November 2020 or...

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