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Extension in period for repayment under ECLGS will help MSMEs - Chairman TEXPROCIL

Read more about Extension in period for repayment under ECLGS will help MSMEs - Chairman TEXPROCIL on Business Standard. Mumbai (Maharashtra) [India], June 4 (ANI/News Voir): The Government has modified the ECLGS (Emergency Credit Line Guarantee Scheme). Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under

Extension in period for repayment under ECLGS will help MSMEs

Mumbai (Maharashtra) [India], June 4 (ANI/News Voir): The Government has modified the ECLGS (Emergency Credit Line Guarantee Scheme). Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ECLGS 1.0 of overall period of four years comprising of repayment of interest only during the first 12 months with repayment of principal and interest in 36 months thereafter will now be able to avail a tenure of five years for their ECLGS loan i.e. repayment of interest only for the first 24 months with repayment of principal and interest in 36 months thereafter.

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