Emergency Credit Line Guarantee Scheme (ECLGS)

Name of the Facility:

Working Capital Term Loan under ECLGS.


To support eligible Business Enterprises/ Micro, Small & Medium Enterprises (MSME) borrowers in meeting their working capital needs, operational liabilities and to restart their businesses and tide over COVID-19 crisis.


Scheme is available up to October 31, 2020 or on reaching the threshold stipulated by the Government of India under Emergency Credit Line Guarantee Scheme (ECLGS) whichever is earlier.

Tenor of loan under this facility:

48 months including principal moratorium for first 12 months. Interest shall be payable during the moratorium period. After 12 months, the principal shall be repaid in 36 Instalments.

  • The Borrower shall be an existing customer with the Company as on February 29, 2020
  • Borrowers with up to INR 25 crore outstanding as on February 29, 2020 and up to INR 100 crore annual turnover for FY 2020 will be eligible
  • Loans provided to Business Enterprises/MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall be eligible under the Scheme. Loans provided in individual capacity will not be eligible under this Scheme
  • Business Enterprises/MSME borrower must be Goods and Services Tax (GST) registered in all cases where such registration is mandatory. This condition will not apply to Business Enterprises/MSMEs that are not required to obtain GST registration
  • Borrower accounts which had NPA or SMA-2 status as on Feb 29, 2020 shall not be eligible under the scheme. Hence, the Borrower accounts should have been in less than 60 days past due as on 29th February, 2020

Loan Amount:

Loans sanctioned would be up to 20% of the borrower’s total outstanding credit up to Rs. 25 crores, excluding off-balance sheet and non-fund-based exposures, as on Feb 29, 2020, If the customer wishes to avail more than 20% of the outstanding loan with the Company, a NOC is required to be obtained by the borrower from all the other financial institutions with which the customer has a credit exposure.


The Borrower shall execute a loan agreement and such other documentation as may be prescribed by the Company to avail the facility.


Nil processing charges and nil foreclosure/prepayment charges for loans provided under this scheme.


The facility under this Scheme will rank second charge with the existing credit facilities in terms of cash flows (including repayments) and securities. No additional collateral is required.

Modification in the Scheme:

Changes, if any, to the current structure of the Scheme, including but not limited to the eligibility criteria, fee, rate of interest and tenor of the facility under the Scheme, shall be as stipulated and notified by the Government of India from time to time. You may contact your nearest Branch to avail loan under ECLGS For more details, you may visit NCGTC site at https://www.ncgtc.in/en/eclgs