News > Centre expands the scope of ECLGS to Civil aviation, removes loan outstanding ceiling for a few sectors

Centre expands the scope of ECLGS to Civil aviation, removes loan outstanding ceiling for a few sectors

30/05/2021 05:31 PM | Click to read full article

The Centre, on May 30, further expanded the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) by adding the Civil Aviation Sector and loans for oxygen generation plants under the scope of the scheme.

The government also removed the loan outstanding ceiling of Rs 500 crore on sectors like hospitality, travel and tourism, leisure and sporting, and civil aviation, which means that even bigger entities with even higher outstanding loans in these sectors can avail of the ECLGS scheme.

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