Working Capital Term Loan - Guaranteed Emergency Credit Line (GECL)
Government of India through Ministry of Finance, Department of Financial Services has introduced Emergency Credit Line Guarantee Scheme (ECLGS) to the affected Business entities on account of Covid-19 pandemic prevailing in the World, by providing 100% guarantee coverage for additional working capital term loans.
In line with the above guidelines, Karur Vysya Bank has decided to offer a new product “Working Capital Term Loan-Guaranteed Emergency Credit line (GECL)” to our existing borrowers (All Business Enterprises / MSME borrower) who are facing working capital crunch due to present Covid-19 pandemic.
The timeline of Emergency Credit Line Guarantee Scheme (ECLGS) has been extended till 31.03.2022 or till guarantees for an amount of Rs.4.50 lakh crore are issued under the scheme, whichever is earlier.
For further detailed guidelines, please visit https://www.eclgs.com/
Helpline Numbers & Email ID for queries, facilitations and Grievances:
Customer Care : 1860 258 1916
Division Wise Contact Details of Nodal Officers for the scheme is given below: