https://www.taxtmi.com/news?id=23384 ECLGS 2.0 extends collateral free Guaranteed Emergency Credit Line support to the 26 Kamath Committee sectors and healthcare, for borrowers with outstanding credit above fifty crore and up to five hundred crore as on 29.02.2020 who were not more than thirty days past due; additional funding up to twenty percent of total outstanding credit is available, fully guaranteed, with a five year tenor and a twelve month principal moratorium. ECLGS 1.0 is also extended to entities with fund based credit up to fifty crore previously excluded for exceeding the turnover ceiling; other terms remain unchanged and operational guidelines have been issued. en-us Fri, 27 Nov 2020 09:27:21 +0530 Fri, 27 Nov 2020 09:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23384 ECLGS 2.0 extends collateral free Guaranteed Emergency Credit Line support to the 26 Kamath Committee sectors and healthcare, for borrowers with outstanding credit above fifty crore and up to five hundred crore as on 29.02.2020 who were not more than thirty days past due; additional funding up to twenty percent of total outstanding credit is available, fully guaranteed, with a five year tenor and a twelve month principal moratorium. ECLGS 1.0 is also extended to entities with fund based credit up to fifty crore previously excluded for exceeding the turnover ceiling; other terms remain unchanged and operational guidelines have been issued. News - Fri, 27 Nov 2020 09:27:21 +0530 https://www.taxtmi.com/news?id=23384