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Emergency Credit Line Guarantee Scheme (ECLGS)

Emergency Credit Line Guarantee Scheme

In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). This package is in aid of Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.

This scheme further extends up to September 30, 2021 or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). Term loan comes with a tenure of 48 months, with a principal moratorium for the first 12 months.

Key Highlights of the Emergency Credit Line Guarantee Scheme:

  • Eligibility of applicants
  • Borrowers with up to Rs. 50 Crore outstanding as on Feb 29, 2020 is eligible for this scheme. Individual Borrower taking loan for business purpose, Business Enterprises, MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall also be eligible. Borrower accounts which had NPA or SMA-2 status as on Feb 29, 2020 shall not be eligible under the scheme.

  • Loan sanctioning
  • 20% of the total outstanding credit of borrowers can be sanctioned as a loan under the Guaranteed Emergency Credit Line (GECL), for those who having a loan as on Feb 29, 2020.

  • No processing charges or collateral required
  • Processing charges, foreclosure and prepayment charges will be waived. No collateral is required for this scheme.

    More details, you may visit NCGTC site at or contact nearest branch. We will glad to assist you.



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