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Centre expands Emergency Credit Line Scheme due to COVID-19 second wave disruptions

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₹2 crore given to hospitals, nursing homes, clinics, medical colleges for setting up on-site oxygen generation plants The union finance ministry on Sunday further expanded the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) amid the economic disruption caused by the second wave of COVID-19 pandemic.Under ‘ECLGS 4.0’, 100% guarantee cover will be extended to loans of up to ₹2 crore given to hospitals, nursing homes, clinics, medical colleges for setting up on-site oxygen generation plants.

The interest rate has been capped at 7.5 percent for the same.“Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ‘ECLGS 1.0’ of overall tenure of four years comprising of repayment of.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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