Current Affairs · Government Schemes
The Emergency Credit Line Guarantee Scheme (ECLGS) was a flagship relief instrument for MSMEs. Consider the following statements about its operational parameters: 1. The maximum additional credit permissible under ECLGS 1.0 was 20% of outstanding credit as on 29 February 2020. 2. The scheme offered 100% guarantee cover by the National Credit Guarantee Trustee Company (NCGTC) on the additional funded credit extended. 3. The repayment tenor under ECLGS 1.0 was fixed at five years, including a moratorium of twelve months on principal repayment. 4. Both term loans and cash credit/overdraft facilities were eligible for coverage under the scheme. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3 and 4
- 21, 2 and 4 only✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 4 only
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