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    <title>Scope of Emergency Credit Line Guarantee Scheme (ECLGS) enhanced and validity extended till 31.3.2023</title>
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    <description>Extension of ECLGS 3.0 to 31.3.2023 expands eligibility to borrowers who borrowed after 31.3.2021 up to 31.1.2022 and to individuals and proprietary concerns, clarifies covered businesses, and revises reference dates. The permissible emergency credit has been increased to 50% of relevant outstanding credit for eligible borrowers with prescribed per borrower caps; civil aviation borrowers may access non fund based facilities and higher caps. Non fund facilities under the scheme will be issued without cash margin and subject to a fee/commission cap of 0.5% per annum.</description>
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    <pubDate>Wed, 30 Mar 2022 18:16:03 +0530</pubDate>
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      <description>Extension of ECLGS 3.0 to 31.3.2023 expands eligibility to borrowers who borrowed after 31.3.2021 up to 31.1.2022 and to individuals and proprietary concerns, clarifies covered businesses, and revises reference dates. The permissible emergency credit has been increased to 50% of relevant outstanding credit for eligible borrowers with prescribed per borrower caps; civil aviation borrowers may access non fund based facilities and higher caps. Non fund facilities under the scheme will be issued without cash margin and subject to a fee/commission cap of 0.5% per annum.</description>
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