Web6 okt. 2024 · Under the ECLGS, banks provide additional loans to existing borrowers without asking for extra collateral to help them cope with the liquidity crunch resulting from Covid curbs. These loans are also fully guaranteed by the government against credit losses. Most Indian airlines are still facing issues such as high fuel costs and limited domestic ... Web6 okt. 2024 · In a huge relief to the aviation industry, the finance ministry has enhanced the credit limit to airlines under the Emergency Credit Line Guarantee Scheme (ECLGS), making them eligible for 100% of their fund-based or non-fund-based loan outstanding debt, up to ₹1,500 crore.
SpiceJet Likely To Receive Additional Rs.1,000 Crore Loan Under ECLGS …
Web6 okt. 2024 · The Ministry of Finance has enhanced the credit limit available to airlines under the Emergency Credit Line Guarantee Scheme (ECLGS). This makes them eligible for a sum equivalent to 100%... Web6 okt. 2024 · Domestic airline SpiceJet is expecting to receive an additional Rs 1,000 crore as part of the modified Emergency Credit Line Guarantee Scheme (ECLGS), … launer jaimes
Ministry of Civil Aviation pushes to increase airline credit limit ...
Web6 okt. 2024 · The finance ministry said in a statement Wednesday: “… (on Oct 4) modified the ECLGS to enhance the maximum loan amount eligibility for airlines under ECLGS … Web24 feb. 2024 · In a note to the financial statement submitted to the BSE, SpiceJet said it has availed funds worth Rs 150.98 crore and Rs 60 crore under the ECLGS in the December and September quarter, respectively. Additionally, the airline has been sanctioned Rs 128.64 crore under the ECLGS, which is being disbursed during January-February 2024, … Web15 okt. 2024 · Domestic airlines SpiceJet and Go First (previously Go Air) have applied under the Emergency Credit Line Guarantee Scheme (ECLGS) for which the government had last week raised the loan limit.. According to a report published by CNBC TV18, Bank of Baroda and Axis Bank have been slated to disburse funds to airlines under the ECLGS … launmynft