ECLGS 2.0- Another push for businesses
-Kanakprabha Jethani (kanak@vinodkothari.com) Background The Government of India had, in response to the crisis caused by the COVID-19 pandemic, announced an Emergency Credit Line Guarantee Scheme (ECLGS). Under the scheme, the Government undertook to guarantee additional facilities provided by Lending Institutions (LIs) to their existing borrowers[1]. These facilities were limited to business loans only. On […]