Hello friends, today we will upload the ECLGS 4.0 Guidelines PDF to help our daily users. The Scheme shall be named as ‘Emergency Credit Line Guarantee Scheme (ECLGS)’. It shall have three components, ECLGS 1.0, ECLGS 2.0, ECLGS 3.0, and ECLGS 4.0 (hereinafter together referred to as the ‘Scheme’).
The main purpose of this scheme is to provide 100% guarantee coverage for the GECL assistance of loan outstanding as of 29th February 2020 to eligible borrowers, in the form of additional term loan /working capital term loan facility (under ECLGS 1.0, 2.0, and 3.0 & 4.0) and/or non-fund based facility (under ECLGS 2.0 & 4.0) in case of banks and Financial Institutions, and additional term loan facility (under ECLGS 1.0, 2.0,3.0 & 4.0),
ECLGS 4.0 Guidelines PDF – Moratorium Period
- ECLGS 1.0: A moratorium period of one year on the principal amount shall be provided for fund based GECL facility under ECLGS 1.0 and The principal shall be repaid in 36 installments after the moratorium period
- ECLGS 2.0: A moratorium period of one year on the principal amount shall be provided for fund based GECL facility under ECLGS 2.0 and The principal shall be repaid in 48 installments after the moratorium period
- ECLGS 3.0: A moratorium period of two years on the principal amount shall be provided for fund based GECL facility under ECLGS 3.0 The principal shall be repaid in 48 installments after the moratorium period
- ECLGS 4.0: A moratorium of 6 months shall be provided on fund based GECL facility under ECLGS 4.0.
Here you can download the ECLGS 4.0 Guidelines PDF by click on the link given below.