Cabinet enhances ECLGS by Rs 50,000 cr; earmarks additional amount for hospitality, related sectors
Union Cabinet chaired by the Prime Minister Narendra Modi has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from Rs. 4.5 lakh cr to Rs 5 lakh cr
ECLGS is a continuing scheme and the additional amount of Rs 50,000 cr would be made applicable to enterprises in hospitality and related sectors till validity of the scheme which is 31 March 2023. Source: PIB