Summary:
repayment of interest only for the first 24 months with repayment of principal and interest in 36 months thereafter. Shri Manoj Patodia said, “This is a very positive measure as it will lead to an increase in the much needed cash flow for the MSMEs.”The current ceiling of Rs. of loan outstanding for eligibility under ECLGS 3.0 has also been removed, subject to maximum additional ECLGS assistance to each borrower being limited to 40% or Rs. Further, the validity of ECLGS extended to 30.09.2021 or till guarantees for an amount of Rs. The removal of the ceiling for eligibility under ECGLS 3.0 and also the extension of the ECGLS will enable more units to take the benefits under the scheme, according to the Chairman, TEXPROCIL..