The federal government had final month introduced elevating the general cap of admissible assure by Rs 1.5 lakh crore from Rs Three lakh crore on the time of the scheme’s launch final 12 months to Rs 4.5 lakh crore. ECLGS has already been revised 4 instances to reinforce its scope and profit MSMEs and different debtors based mostly on the varied trade suggestions. For example, MSME models, enterprise enterprises, Mudra debtors, and particular person loans for enterprise objective having mortgage excellent as much as Rs 50 crore and days overdue as much as 60 days as on February 29, 2020 have been eligible beneath ECLGS 1.0. The scope was enlarged beneath ECLGS 2.Zero with the inclusion of debtors in 26 pressured sectors recognized by the Kamath Committee & the healthcare sector and having mortgage excellent above Rs 50 crore and as much as Rs 500 crore and days overdue as much as 60 days as of February 29, 2020.
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Below ECLGS 3.0, the federal government had additional included debtors in hospitality, journey & tourism, leisure & sporting, and civil aviation sectors. Likewise, beneath ECLGS 4.0, present hospitals, nursing properties, clinics, medical schools or models engaged in manufacturing of liquid oxygen, oxygen cylinders, and so on., and having credit score facility with a lending establishment with days overdue as much as 90 days as of March 31, 2021, have been additionally included.
The scheme has been prolonged a number of instances from October final 12 months to November adopted by March 2021, June 2021, and at the moment until September 2021, or until ensures for the quantity are issued beneath the fourth revision of the scheme dubbed ECLGS 4.0. The minister had stated on June 28, 2021, that the federal government had disbursed Rs 2.69 lakh crore to 1.1 crore models by 12 public sector banks, 25 non-public sector banks, and 31 non-banking monetary firms.
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