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About the Emergency Credit Line Guarantee Scheme (ECLGS)

In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry of India announced the Emergency Credit Line Guarantee Scheme (ECLGS) as a part of the ₹ 20 lakh crore comprehensive package for our existing Business Enterprises/MSMEs to build up their current assets for working capital requirement and or to meet operational liabilities and restart their business.

  • Name of the Facility - Guaranteed Emergency Credit Line (GECL)
  • Facility Type - Term Loan

Eligibility

  • All business enterprises/MSME borrower/Individuals accounts with combined outstanding loans across all Member Lending Institutions of up to ₹ 50 crore as on 29.02.2020 and annual turnover of up to ₹ 250 crore for FY 2019 – 20.
  • Borrower accounts should be less than 60 days past due as on 29th February 2020 in order to be eligible under the Scheme.
  • Loans provided to Business Enterprises / MSMEs /Individuals) shall be eligible under the Scheme.
  • The Scheme is valid for existing customers of TCHFL and TCFSL.
  • Business Enterprises / MSME/ Individual borrower must be GST registered in all cases where such registration is mandatory. This condition will not apply to Business Enterprises / MSMEs /Individual that are not required to obtain GST registration.
 
For detailed guidelines and FAQs on ECLGS, visit https://www.eclgs.com/
 

FAQs - Tata Capital Financial Services Limited

Existing Retail Loan & Non-Retail customers looking to apply for the Emergency Credit Line Guarantee Scheme should refer to the FAQs here by clicking on the 'Know More' button:

Retail Loans (Personal Loan, Business Loan, Home Loan, Two Wheeler Loan, Car Loan, Consumer Durable Loan, Loan against Property, Tractor Loan)

Non-Retail Loans (Working Capital Loan, Channel Finance, Commercial Term Loan, Loan Against Shares, Equipment Financing and Leasing, Construction Equipment and Commercial Vehicle Loan)

 

FAQs - Tata Capital Housing Finance Limited

Existing Tata Capital Housing Finance customers looking to apply for the Emergency Credit Line Guarantee Scheme should refer to the FAQs here by clicking on the 'Know More' button.