Current Affairs · Banking and Financial Schemes
Which of the following statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is no guarantee fee charged for the credit coverage provided under the scheme.
- 2The tenor of the loan for the airline sector is 5 years from the date of the first disbursement, including a 1-year moratorium.✓
- 3The credit guarantee coverage provided under the scheme is 100% for MSMEs and 90% for non-MSMEs as well as the airline sector.
- 4The scheme aims to provide a total additional credit flow of Rs 2,55,000 crore, which includes Rs 5,000 crore for the airline sector.
Correct answer
The tenor of the loan for the airline sector is 5 years from the date of the first disbursement, including a 1-year moratorium.
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