• About Us
  • Our Team
  • Advertising
  • Careers
  • Contact
Wednesday, June 18, 2025
  • Login
No Result
View All Result
Navjeevan Express
Advertisement
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
Navjeevan Express
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
No Result
View All Result
Navjeevan Express
No Result
View All Result
ADVERTISEMENT
Home Business Aviation

Scope of Emergency Credit Line Guarantee Scheme enhanced, validity extended till next March

SpiceJet Chairman and Managing Director Ajay Singh welcomes FM's move

by NavJeevan
3 years ago
in Aviation, Banking, Breaking News, Business, Companies
Reading Time: 2 mins read
0
0
Storage & Seamless Delivery of Covid-19 Vaccine: SpiceJet ties-up with GMR Hyderabad Air Cargo
ADVERTISEMENT

NE BUSINESS BUREAU
NEW DELHI, MARCH 31

The National Credit Guarantee Trustee Company Limited (NCGTC) on Wednesday extended the Emergency Credit Line Guarantee Scheme (ECLGS) beyond March 2022, till March 2023. This has been done following Union Finance Minister Nirmala Sitharaman’s announcement in Union Budget 2022-23

The Finance Ministry had expanded the scope of the Rs 5-lakh crore ECLGS to support MSMEs engaged in travel, tourism and hospitality sectors to overcome the impact of the COVID-19 pandemic impact. As per the latest modification, new borrowers in the sectors covered under ECLGS 3.0, who have borrowed between March 31, 2021, and January 31, 2022, will now be eligible to avail the credit facilities.

The credit limit for eligible borrowers has been increased to 50 percent of their fund-based credit outstanding (up from 40 per cent). The enhanced limit is subject to a maximum of Rs 200 crore per borrower.

Keeping in view the high proportion of non-fund based credit in the overall credit of the civil aviation sector, the ministry said eligible borrowers in the civil aviation sector are now permitted avail of non-fund based emergency credit facilities as well under ECLGS 3.0.

SpiceJet Chairman and Managing Director Ajay Singh welcomes FM’s move

Ajay Singh, CMD, SpiceJet.

SpiceJet Chairman and Managing Director Ajay Singh on Thursday issued a statement welcoming the modifications that the Centre has introduced in the Emergency Credit Line Guarantee Scheme (ECLGS).

“We had requested the Finance Minister to enhance the scope of ECLGS for the struggling aviation and hospitality sectors. We are very grateful that she has responded positively and quickly. This move will provide some relief and liquidity for these sectors that have been worst hit by the three waves of the pandemic,” he said.

Tags: Emergency Credit Line Guarantee Scheme enhancedScope oftill next Marchvalidity extended
ADVERTISEMENT
Previous Post

Investigative documentary ‘Pearl City Massacre’ seeks justice for Strlite protest victims

Next Post

Maharashtra strikes it rich with 16 medals at Yogasana Senior National Championships

NavJeevan

NavJeevan

Next Post
Maharashtra strikes it rich with 16 medals at Yogasana Senior National Championships

Maharashtra strikes it rich with 16 medals at Yogasana Senior National Championships

Cong alleges it’s demo(n)cracy in Gujarat, police entered its office to stop protest against price rise

Cong alleges it's demo(n)cracy in Gujarat, police entered its office to stop protest against price rise

ADVERTISEMENT

Recommended

Eastern Ladakh: No forward movement in latest talks on disengagement in remaining friction points

Eastern Ladakh: No forward movement in latest talks on disengagement in remaining friction points

4 years ago
Govt name boards in Tamil on Karnataka border vandalised by group “claiming” TN’s Thalavadi

Govt name boards in Tamil on Karnataka border vandalised by group “claiming” TN’s Thalavadi

4 years ago
ADVERTISEMENT

Recent Posts

  • Apollo Juniors’ Inaaya secures a hat-trick of gold medals in Girls Quad Roller Skates – Under 6
  • SEBI approves NSE’s proposal to shift the expiry day from Thursday to Tuesday
  • Maj Gen RS Godara, ADG Gujarat Dte reviews activities of NCC Gp HQ Rajkot

Category

Select Category

    Contact Us

    Email:
    ne.gowri1964@gmail.com

    Phone:
    9643255068

    Live Visitors

    • About Us
    • Our Team
    • Advertising
    • Careers
    • Contact

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    No Result
    View All Result
    • Gujarat
      • Ahmedabad
      • Vadodara
      • Surat
      • Rajkot
      • Saurashtra
      • Kutch
      • Central Gujarat
      • South Gujarat
    • National
      • Andhra Pradesh
      • Rajasthan
      • Maharashtra
      • Pondicherry
      • Tamil Nadu
      • OTHER STATES
    • Politics
    • Business
      • Companies
      • Personal Finance
    • Sports
      • Cricket
      • Hockey
      • Football
      • Badminton
      • Other Sports
    • Entertainment
      • Arts and Culture
      • Theatre
      • Cinema
      • Photos
      • Videos
    • Lifestyle
      • Fashion
      • Health & Environment
      • Food and Beverages
      • Spirituality
      • Tourism and Travel
    • World
    • More
      • Science and Technology
      • Legal
      • Opinion
      • Student’s Corner
      • Youth

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In