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Start learning 50% faster. Sign in nowThe ECLGS provides for the Guaranteed Emergency Credit Line (GECL) facility. The GECL is a loan for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) - banks, financial institutes and NBFCs. · The loans are extended in the form of additional working capital term loan facility in case of banks and additional term loan facility in case of NBFCs to eligible Micro, Small and Medium Enterprises (MSMEs)/business enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers. · First-time borrowers and Non-Performing Asset (NPA) accounts cannot raise funds under the scheme. · The tenor of loans provided under the GECL facility is four years from the date of disbursement. A moratorium period of one year on the principal amount is provided. · Interest rates of banks and financial institutions have been capped at 9.25% per annum, while NBFCs can lend at a maximum of 14% per annum.
What was BASEL Committee on Banking Supervision established?
Which of the following Schemes aim at Poverty Alleviation?
Which department approved the continuation of the unified central sector scheme 'Vigyan Dhara'?
What is the key focus of the NCF-SE regarding languages in education?
Infant mortality is the death of young children under the age of ____________.
FDI in Renewable Energy Sector is up to __________ under the automatic route.
Share of MSME Gross Value Added (GVA) in All India Gross Domestic Product at current prices (2011-12) for the year 2018-19 was _____ ?
Which government agencies are collaborating in the implementation of the SVAMITVA Scheme?
Recently, Indian Space Association (ISpA) was launched. It is ______________.
The SHG-Bank linkage programme pioneered by ________has made access to credit easier and reduced the dependence on traditional money lenders and other ...
