Guaranteed Emergency Credit Line

The Government of India through Ministry of Finance, Department of Financial Services has introduced the Emergency Credit Line Guarantee Scheme (ECLGS or Scheme) for providing 100% guarantee coverage for additional term loans upto 20% of borrower’s outstanding loan upto (not exceeding) INR 25 crore as on February 29, 2020. The Guarantee Fund and Scheme will be managed and operated by National Credit Guarantee Company Limited (NCGTC), which is a wholly owned trustee company of Government of India.

Product Features of GECL