Government of India through Ministry of Finance has unveiled a comprehensive package known as the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage for additional term loans to eligible borrower of up to 20% of outstanding credit, as on February 29, 2020. Such facility is for addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.

ECLGS will be managed and operated by National Credit Guarantee Trustee Company Limited (NCGTC), a wholly owned trustee company of Government of India.

JM Financial Credit Solutions Limited, is registered as a Member Lender Institute (MLI) with NCGTC to offer additional term loans to its eligible borrower upto 20% of their entire outstanding credit as on February 29, 2020. You may contact your relationship manager, to avail the said credit facility under the ECLGS.

For more details about the Scheme visit https://www.eclgs.com