Emergency Credit Line Guarantee Scheme extended till 30th of Nov

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Kohima, 2nd Nov. (ANK): Union Government has extended the Emergency Credit Line Guarantee Scheme, ECLGS by one month till 30th of November or till an amount of three lakh crore rupees is sanctioned under the scheme, whichever is earlier.

This has been done in view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season. This extension will provide a further opportunity to such borrowers who have not availed of the scheme so far, to obtain credit under the scheme.

Borrowers with credit outstanding up to 50 crore rupees as on 29th of February this year and with an annual turnover of up to 250 crore rupees are eligible under the scheme.