Emergency Credit Line Guarantee Scheme extended till Mar 31, 2021: FM Sitharaman

Emergency Credit Line Guarantee Scheme extended till Mar 31, 2021: FM Sitharaman

Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman announced extension of Emergency Credit Line Guarantee Scheme till March 31.

"The existing Emergency Credit Line Guarantee Scheme extended till March 31, 2021.

Guaranteed credit support for 26 stressed sectors identified by the Kamath Committee.

Original ECLGS had one year of moratorium and 4 years of repayment, the new scheme will have 1-year moratorium and 5 years of repayment," FM said.

On EPFO, FM Sitharaman said, "Establishments registering with Employees' Provident Fund Organisation (EPFO) after the commencement of Scheme to get subsidy for all new employees.

Scheme to be operation till June 30, 2021."