ECLGS Loan For Micro, Small & Medium Enterprises (MSME)s / Other Business Enterprises Government of India through Ministry of Finance, Department of Financial Services has announced a variety of measures to tackle the situation and to revive the economy. One of such measures is a package (Guaranteed Emergency Credit Line) of extending Government Guaranteed Credit upto Rs. 3 Lakh Crore to all existing MSME / Business enterprise borrowers and PMMY borrowers of Banks / NBFCs / Financial Institutions, to handle the hurdles faced by them in running their business.
The Scheme (ECLGS) provides 100% guarantee coverage for additional term loans in case of NBFCs. The Scheme will be managed and operated by National Credit Guarantee Trustee Company Ltd. (NCGTC) which is wholly owned trustee company of Government of India. For further details about the Scheme, please visit https://www.eclgs.com/
Varthana (Thirumeni Finance P Ltd) is offering a new loan product “ECLGS Loan” for extending Guaranteed Emergency Credit in the form of Term Loan to eligible borrowers as per the following details.
Please click the link ECLGS Loan to know more