Ministry of Finance

Rain-hit states get Rs 7,532 crore disaster funds

The Centre has taken note of heavy rains this year and relaxed guidelines to release the amounts immediately, without waiting for utilisation certificates of the funds provided in the last financial year.

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.