As the Centre on Sunday announced the expansion of the Emergency Credit Line Guarantee Scheme (ECLGS), industry participants have lauded the move and said it would support more businesses amid the second wave of Covid-19.FICCI President Uday .
The govt widened the net of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), which will now provide concessional loans to hospitals for establishing on-site oxygen generation plants
To aid an economic recovery over the rest of 2021-22, larger fiscal efforts are now needed, specifically those that can act effectively to backstop aggregate demand
The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme.Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current ceiling of Rs 500 crore .