https://www.taxtmi.com/news?id=22835 Introduction of Emergency Credit Line Guarantee Scheme providing 100% credit guarantee through the National Credit Guarantee Trustee Company to Member Lending Institutions for Guaranteed Emergency Credit Line funding to eligible MSME and interested MUDRA borrowers. Eligible MSME accounts meeting the prescribed credit and conduct thresholds as of the reference date may obtain additional term or working capital loans up to a capped proportion of outstanding credit; loans under GECL are fully guaranteed, carry a defined tenor with a principal moratorium, have waived guarantee fees, and are subject to capped interest rates. The Scheme applies within the announced implementation window or until the sanctioned aggregate is reached. en-us Wed, 20 May 2020 16:33:52 +0530 Wed, 20 May 2020 16:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22835 Introduction of Emergency Credit Line Guarantee Scheme providing 100% credit guarantee through the National Credit Guarantee Trustee Company to Member Lending Institutions for Guaranteed Emergency Credit Line funding to eligible MSME and interested MUDRA borrowers. Eligible MSME accounts meeting the prescribed credit and conduct thresholds as of the reference date may obtain additional term or working capital loans up to a capped proportion of outstanding credit; loans under GECL are fully guaranteed, carry a defined tenor with a principal moratorium, have waived guarantee fees, and are subject to capped interest rates. The Scheme applies within the announced implementation window or until the sanctioned aggregate is reached. News - Wed, 20 May 2020 16:33:52 +0530 https://www.taxtmi.com/news?id=22835