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Centre modifies ECLGS to give Civil Aviation sector necessary collateral-free liquidity

The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to enhance the maximum loan amount eligibility for airlines under ECLGS 3.0 to 100 per cent of their fund based or non-fund based loan outstanding or Rs 1,500 crore, whichever is lower; and of the above, Rs 500 crore shall be considered, based on equity contribution by the owners.

23% of SMBs remain closed in India as pandemic wanes: Meta

A Meta (formerly Facebook) survey of small- and medium-sized business (SMB) leaders in India has revealed that 23 per cent of SMBs remain closed as the Covid-19 pandemic wanes, and the greatest challenge SMBs are facing now is the current state of the economy, including rising inflation.