Emergency Credit Line Guarantee Scheme (ECLGS) – Loan Limit increased to Rs. 10 crore

On 4th August, 2020, NCGTC has issued revised operational guidelines and scope of the scheme has been expanded to include the following:

1. individual loans given for business purpose, subject to the condition that such loan should fulfill the eligibility criteria prescribed under the scheme,
2. increase in the upper ceiling of loans outstanding as on 29.2.2020 for being eligible under the scheme from Rs. 25 crore to Rs. 50 crore, and a corresponding increase in the maximum amount of GECL funding under the scheme from Rs. 5 crore at present (i.e. 20% of Rs. 25 crore) to Rs. 10 crore (i.e. 20% of Rs. 50 crore)
3. Increase in the annual turnover ceiling for being under the scheme from Rs. 100 crore to Rs. 250 crore in line with the increased ceiling of loans outstanding, and the revised definition of MSMEs issued by the M/o MSME

For Operational guidelines refer below document

Source: www.eclgs.com