{"id":9460,"date":"2022-10-06T11:26:58","date_gmt":"2022-10-06T05:56:58","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9460"},"modified":"2025-03-29T13:27:14","modified_gmt":"2025-03-29T07:57:14","slug":"modified-eclgs-for-aviation-sector","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/modified-eclgs-for-aviation-sector\/","title":{"rendered":"Modified ECLGS for Aviation Sector"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>As per the modified ECLGS, an\u00a0<strong>airline would be eligible for 100% of its fund- based or non-fund-based loan outstanding or \u20b91,500 crore<\/strong>, whichever is lower.<\/li>\n<li>The move is aimed at giving the\u00a0<strong>necessary collateral-free liquidity at reasonable interest rates to the aviation industry.<\/strong>\u00a0Previously, the civil aviation sector were allowed to borrow up to 50% of their highest fund-based credit outstanding, subject to a maximum of \u20b9400 crore per borrower.<\/li>\n<li>ECLGS was announced as part of the\u00a0<strong>Atma Nirbhar Bharat Package in 2020<\/strong>\u00a0with the objective to help businesses including MSMEs to meet their operational liabilities and resume businesses in view of the distress caused by the COVID-19 crisis, by providing Member Lending Institutions (MLIs), 100 percent guarantee against any losses suffered by them due to non-repayment of the ECLGS funding by borrowers.\u00a0<\/li>\n<li>ECLGS is under the operational domain of\u00a0<strong>Ministry of Finance, Department of Financial Services (DFS).<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/www.livemint.com\/companies\/news\/centre-raises-credit-guarantee-limit-to-help-stressed-airlines-11664997483733.html\" target=\"_blank\" rel=\"nofollow noopener\">Mint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Emergency Credit Line Guarantee Scheme (ECLGS) is a scheme introduced by the Indian Government<\/p>\n","protected":false},"author":5,"featured_media":9461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9460"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9461"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}