Emergency Credit Line Guarantee Scheme (ECLGS)
Additional collateral-free credit for COVID-19 recovery
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ECLGS provides 100% guarantee coverage to banks and NBFCs for additional working capital term loans extended to eligible MSMEs and business enterprises. The scheme helps businesses recover from COVID-19 impact.
MSMEs with outstanding credit up to ₹500 crore as on Feb 29, 2020. Account should be regular or SMA-0. No defaults or NPA as on Feb 29, 2020. Business enterprises in hospitality, travel, leisure sectors also eligible.
- Udyam Certificate
- Existing Loan Documents
- Bank Statements
- GST Returns
- Financial Statements
40% additional credit (up to ₹200 crore), 100% guarantee by NCGTC, moratorium of 1 year, tenure of 5-6 years, no collateral, no guarantee fees for borrower.
Data Accuracy Notice
Information verified as of March 2025 from official government sources. Scheme details, eligibility, and loan amounts may change. Always verify current information on the official portal before applying.
Visit the official government portal to apply for this scheme. Make sure you have all required documents ready.
Rajesh Sharma, CA
Mumbai · ⭐ 4.9 (127)
"Helped 500+ MSMEs secure loans"