Centre raises credit guarantee limit for airlines sector: The Department of Financial Services (DFS) has modified the Emergency Credit Line Guarantee Scheme (ECLGS) for the aviation sector.
October 2022 Current Affairs Quiz
The department has raised the scheme’s cheaper loan limit to ₹1,500 crore from ₹400 crore.
Aim: To help the sector tide over cash-flow problems.
As per the modified ECLGS, an airline would be eligible for 100% of its fund- based or non-fund-based loan outstanding or ₹1,500 crore, whichever is lower.
