ECLGS

ANI | | Posted by Yagya Sharma SpiceJet has initiated the process of reviving its grounded fleet with the USD 50 million funds received by the airline from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and internal…

Wadia group-owned Go First expects to receive ₹210 crore under the government's credit line guarantee scheme next month as the budget airline seeks to boost its financial position and expand operations.The airline, which received ₹210 crore…

The percentage of Non-Performing Assets (NPAs) of loan accounts under the ECLGS stood at ₹13,964.58 crore, or 3.89% of the loan guaranteed, Parliament was informed on Monday.Replying to a question,  Minister of State for Finance Bhagwat…

NEW DELHI: Reserve Bank governor Shaktikanta Daswill hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand. As per the Reserve Bank of India…

New Delhi, October 5 The Finance Ministry has modified the Emergency Credit Line Guarantee Scheme (ECLGS) for the aviation sector by raising loan limit under the scheme to Rs 1,500 crore…

Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore The Ministry of Finance has enhanced the credit limit available to airlines…

The finance ministry has modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising loan limit under the scheme to Rs 1,500 crore from Rs 400 crore to help the COVID-hit industry tide over liquidity stress. Recognising that an…

NEW DELHI: The government's modified emergency credit line guarantee scheme(ECLGS) for airlines could throw a lifeline to struggling-to-survive SpiceJet. Sources in the budget airline claim SpiceJet may get about Rs 1,000 crore under the…

The airline is expected to receive about ₹225 crore next week under the Emergency Credit Line Guarantee Scheme (ECLGS) The airline is expected to receive about ₹225 crore next week under the Emergency Credit Line Guarantee Scheme (ECLGS)…

NEW DELHI: Lessors of two more aircraft currently with SpiceJethave approached the Directorate General of Civil Aviation (DGCA) to de-register their planes rented to the airline. These latest requests come after similar pleas for…