Giving effect to announcement in Union Budget 2022-23, the National Credit Guarantee Trustee Company Limited (NCGTC) has extended the Emergency Credit Line Guarantee Scheme (ECLGS) beyond March 2022, till March 2023.
Further, following up on the suggestions received in the post Budget consultations held by the Finance Minister on 25th February 2022 with the Travel, Tourism and Hospitality sector and the Civil Aviation sector delegation led by the Minister of Civil Aviation, NCGTC also issued modifications to the operational guidelines for ECLGS 3.0.
Keeping this in view, the coverage, scope and extent of benefits under ECLGS 3.0 pertaining to hospitality, travel, tourism and civil aviation sectors has been expanded as follows:
As on 25.3.2022, loans sanctioned under ECLGS have crossed Rs 3.19 lakh crore, and about 95% of the guarantees issued are for loans sanctioned to Micro, Small and Medium Enterprises.
List of businesses/sectors covered under ECLGS 3.0
|Hospitality and related sectors||Civil Aviation sector|
|Hotels and restaurants, marriage halls, canteens etc., travel & tourism, travel agents, tour operators, adventure or heritage facilities, leisure & sporting, private bus operators, car repair services, rent-a-car service providers,
event/conference organisers, spa clinics, beauty parlours/saloons, motor vehicle aggregators, cinema halls, swimming pools, entertainment parks, theatres, bars, auditoriums, yoga institutes, gymnasiums, other fitness
centres, units/persons engaged in catering or cooking, and floriculture products.
|Airlines (including scheduled and nonscheduled airlines, chartered flight
operators, air ambulances), airports, aviation ancillary services such as
ground handling and supply chain.
Source : PIB
Last Modified : 3/31/2022