Scope of Sanctioning Individual Loans under Union Guaranteed Emergency Credit Line (UGECL)
Modification in Operation guidelines
- Union Guaranteed Emergency Credit Line (UGECL)
- Provides collateral free loans (100%) to Business enterprises / MSME units, up to 20% of outstanding loan as on 29th February, 2020. (Accounts not classified as SMA2/ NPA as on 29.02.2020 with outstanding loans up to Rs.SO Cr and Annual turnover of up to Rs.250 crore for FY 2019-20 are eligible for the Scheme.).
- Guarantee is operationalized through NCGTC. This scheme is valid up to 31-10-2020