Emergency Credit Line Guarantee Scheme (ECLGS) 3.0

Published on March 31, 2022
Current Context: The scope of the Emergency Credit Line Guarantee Scheme (ECLGS) has been enhanced till 31.3.2023.
Emergency Credit Line Guarantee Scheme (ECLGS) 3.0
  • New borrowers under ECLGS 3.0 who borrowed after 31.03.2021 but up to 31.01.2022 will now be eligible to avail of emergency credit facilities.
  • Increase in additional credit support from existing 40% of fund-based credit outstanding to 50% of fund-based credit outstanding under ECLGS 3.0. (Subject to existing maximum of Rs. 200 crores per borrower)
  • Eligible borrowers in the civil aviation sector – can avail of the fund and non-fund-based emergency credit facilities. (subject to a maximum of 400 crores per borrower)

Question:

Q.1 Scope of Emergency Credit Line Guarantee Scheme (ECLGS) 3.0Scheme has been recently extended till?
a. 1st March 2023
b. 31st March 2023
c. 1st March 2024
d. 31st March 2024
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