Emergency Credit Line Guarantee Scheme (ECLGS)
Central Scheme (All India)
Finance
Application Mode: ONLINE
Active
Quick AI Summary
Provides 100% guarantee coverage to banks for lending emergency working capital to businesses impacted by economic distress.
Detailed Summary
Administered by NCGTC, the scheme helps business entities, MSMEs, and MUDRA borrowers meet operational liabilities.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - 100% collateral-free guarantee cover for additional credit lines. - Concessional capped interest rates. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| - Business enterprises, MSMEs, or Mudra borrowers with outstanding credit up to notified limits. | |
Application Process Guide
- Contact the bank or financial institution holding your primary business credit account.