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This Video has defined one of many authorities enterprise loan schemes for MSMEs which have confronted monetary stress because of the COVID-19 pandemic. The Emergency Credit Line Guarantee Scheme (ECLGS) is an MSME loan scheme. The ECLG Scheme is one of many many schemes that had been introduced by the Ministry of Finance as part of the monetary stimulus packages to revive the economic system.
IMPORTANT NOTE: As per the revised tips from the NCGTC dated Aug 04, 2020 and revised FAQs dated Aug 10, 2020:
a) Registered MSME debtors with a turnover of upto INR 250 crores in FY 19-20 and excellent loans not exceeding INR 50 crores are eligible to use
b) Loans offered to people for functions pertaining to their very own enterprise can be lined underneath this scheme
Watch this video to know MSME loans higher. You will be capable to perceive who is eligible for these MSME loans and its numerous options and advantages.
To Apply for loans underneath the ECLG scheme:
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========Content of this video========
0:00 Introduction of ECLG Scheme
0:32 ECLG Scheme Overview
1:02 ECLG Scheme Loan Features
1:28 Eligibility for ECLG Scheme
2:45 Outro
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Since its launch in January 2007, Fullerton India has efficiently and strongly established itself, unfold throughout the nation’s broad monetary panorama, with a community of over 626 branches that serves over 2.8 million clients.
Our major companies represent private loans, working capital loans for city self-employed, loans for business autos and two-wheelers, dwelling enchancment loans, loans towards property, financing of SME for working capital and progress, loans for rural livelihood development, rural housing finance and financing of assorted rural micro-enterprises.
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