ECLGS: Guarantees issued to MSMEs till February-end in FY22 declined sharply from FY21, shows govt data : Rashtra News #ECLGS #Guarantees #issued #MSMEs #Februaryend #FY22 #declined #sharply #FY21 #shows #govt #data Credit and Finance for MSMEs: ECLGS was devised for MSMEs, individual borrowers, and other business enterprises whose total fund-based credit outstanding across all lending
Spinning Industry: Citing a 50-70% drop in capacity utilization 50% to 70%, the Confederation of Indian Textile Industry (CITI) sought extension of the one-year moratorium for repayment of the principal amount, and conversion of three-year loans under Emergency Credit Line Guarantee Scheme (ECLGS) into six-year term loans.
SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.