Loan Guarantee Scheme

Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.

Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022

The Centre is in constant touch with various stakeholders to support economic growth, Finance Minister Nirmala Sitharaman has said.

Credit Guarantee Scheme: Loans worth Rs 2,72,007 crore between April-June period of 2021-22 were cleared under the scheme.

The gauge of 12 banking stocks on the National Stock Exchange - Nifty Bank index - was top sectoral loser. The measure fell as much as 445 points or over 1 per cent to fall below its important psychological level of 35,000.

The scheme will cover 10,700 regional level tourist guides recognized by Ministry of Tourism and Tourist Guides recognized by the State Governments.

The maximum loan tenure will be of three year and 80 per cent of assistance will be used by micro finance institutions for incremental lending.

Finance Minister Nirmala Sitharaman today announced eight new schemes to boost an economy ravaged by Covid, with a special focus on health and tourism. The measures include a Rs 1.1 lakh crore loan guarantee scheme for the Covid-affected and an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched a...

FM Nirmala Sitharaman announced eight major economic relief measures and Rs 1.1 lakh crore loan guarantee scheme for the sectors affected by the COVID-19 pandemic.

Under the 'Aarogyam' scheme, the new loans can be availed by way of term loan, cash credit, bank guarantees, or letter of credit.

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

The Centre had announced ECLGS as part of Aatma Nirbhar Bharat Package to provide credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers.

Businessmen say they are so hamstrung by the pandemic that taking on new debt made little sense

Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker.

Italy is close to unveiling the approval of guarantees for a 6.3 billion euro ($7 billion) financing of Fiat Chrysler (FCA), two sources familiar with the matter said, paving the way for the largest crisis loan for a European carmaker.

Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.

Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022

The Centre is in constant touch with various stakeholders to support economic growth, Finance Minister Nirmala Sitharaman has said.

Credit Guarantee Scheme: Loans worth Rs 2,72,007 crore between April-June period of 2021-22 were cleared under the scheme.

The gauge of 12 banking stocks on the National Stock Exchange - Nifty Bank index - was top sectoral loser. The measure fell as much as 445 points or over 1 per cent to fall below its important psychological level of 35,000.

The scheme will cover 10,700 regional level tourist guides recognized by Ministry of Tourism and Tourist Guides recognized by the State Governments.

The maximum loan tenure will be of three year and 80 per cent of assistance will be used by micro finance institutions for incremental lending.

Finance Minister Nirmala Sitharaman today announced eight new schemes to boost an economy ravaged by Covid, with a special focus on health and tourism. The measures include a Rs 1.1 lakh crore loan guarantee scheme for the Covid-affected and an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched a...

FM Nirmala Sitharaman announced eight major economic relief measures and Rs 1.1 lakh crore loan guarantee scheme for the sectors affected by the COVID-19 pandemic.

Under the 'Aarogyam' scheme, the new loans can be availed by way of term loan, cash credit, bank guarantees, or letter of credit.

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

The Centre had announced ECLGS as part of Aatma Nirbhar Bharat Package to provide credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers.

Businessmen say they are so hamstrung by the pandemic that taking on new debt made little sense

Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker.

Italy is close to unveiling the approval of guarantees for a 6.3 billion euro ($7 billion) financing of Fiat Chrysler (FCA), two sources familiar with the matter said, paving the way for the largest crisis loan for a European carmaker.