Which of the following statements is/are correct with reference to the Emergency Credit Line Guarantee Scheme?
A. Under ECLGS 4.0, 100% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen generation plants, interest rate capped at 7.5%.
B. Civil Aviation sector to be eligible under ECLGS 3.0.
C. Both A & B
D. None of these
Explanation:
On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy, Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme (ECLGS). Under ECLGS 4.0, a100% guarantee cover is being offered to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen generation plants, interest rate is capped at 7.5%. Civil Aviation sector to be eligible under ECLGS 3.0. Validity of ECLGS extended to 30.09.2021 or till guarantees for an amount of Rs.3 lakh crore are issued. Disbursement under the scheme permitted up to31.12.2021.
