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The Union Cabinet approved a proposal to increase the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs. 50,000 crore to Rs. 5 trillion from 4.5 trillion. The additional amount is being earmarked for entities in hospitality and related sectors for its recovery and growth alongside other sectors of the economy. This year’s budget had announced an extension of the ECLGS till March 2023, and expansion of the guarantee cover by Rs. 50,000. Loans of about Rs. 3.67 trillion have also been sanctioned under the scheme as of August 5, 2022. Learn Along: ECLGS was rolled out in May 2020 as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis. The objective was to support small businesses struggling to meet their operational liabilities due to the imposition of a nationwide lockdown.
Which of the following risk can reduce the value of a bond or other fixed rate investments?
Which of the following is considered the most important principle in lending according to the Principles of Lending?
Which ministry conducts the Annual Survey of Industries (ASI) in India?
Which of the following credit facilities is typically used for financing the day-to-day operations of a business?
Which of the following describes the relationship between systematic risk and return?
A type of bond (debt security) that allows the issuer of the bond to retain the right of redeeming the bond at some point before the bond reaches its da...
Which of the following is an advantage of an exchange trading system in a derivative market?
What does IRAC stand for in the context of NPA and recovery in banking?
In ‘CAMELS’ what does C stand for?
In a repurchase agreement, the percentage difference between the repurchase price and amount borrowed is equal to: