Emergency Credit Line Guarantee Scheme

The Emergency Credit Line Guarantee Scheme was rolled out in May as part of the Centre’s Aatma-nirbhar package in response to the COVID-19 crisis.
It has a corpus of Rs. 41,600 crore and provides fully guaranteed additional funding of up to Rs. 3 lakh crore.
Eligibility – As of February 29, 2020, MSMEs which have an annual turnover up to Rs. 100 crore and with outstanding loans of up to Rs. 25 crores.
Union government has recently decided to expand the scheme, to cover enterprises with a turnover up to Rs. 250 crore, with outstanding loans up to Rs. 50 crore.
It aims to cover loans given to larger firms, as well as to self-employed people and professionals who have taken loans for business purposes.
Individual beneficiaries include both professionals such as doctors, lawyers and chartered accountants, as well as self-employed people such as vendors or taxi drivers