Govt hikes ECLGS for journey and hospitality with prolonged credit score of INR 50,000 crore

Govt hikes ECLGS for travel and hospitality with extended credit of INR 50,000 crore

The publish Govt hikes ECLGS for journey and hospitality with prolonged credit score of INR 50,000 crore appeared first on TD (Journey Each day Media) Journey Each day.

Govt hikes ECLGS for journey and hospitality with prolonged credit score of INR 50,000 crore

 

Union Cupboard has permitted Emergency Credit score Line Assure Scheme (ECLGS) value INR 50,000 crore for hospitality, journey, and tourism sectors.  The extra quantity has been earmarked solely for hospitality and allied sectors until 31 March 2023.  Within the 2022-23 Union Price range, there was a proposal for elevating the restrict of ECLGS from INR 4.5 lakh to INR 5 lakh crore to assist hospitality sector hit by the pandemic.

Cupboard permitted enhancement of restrict of emergency credit score line assure scheme by INR 50,000 crore for journey, tourism and hospitality sector,” the Data & Broadcasting Minister, Anurag Thakur had mentioned. He added, “For that, extreme further assure can be given. The corpus can be given by the Central authorities that can be INR 7,500 crore for this yr.

ECLGS allocation in the direction of the sector has been elevated to counter extreme disruptions triggered by the coronavirus pandemic. It has been a survival recreation for a lot of, the extra credit score will nearly assist meet operational liabilities.

 

 

 

The publish Govt hikes ECLGS for journey and hospitality with prolonged credit score of INR 50,000 crore appeared first on Journey Each day.


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