Discover and read the best of Twitter Threads about #eclgs

Most recents (7)

National Credit Guarantee Trustee Company Limited #NCGTC today extended the Emergency Credit Line Guarantee Scheme #ECLGS beyond March 2022, till March 2023

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(1/8) ImageImage
✅ Scope of #ECLGS enhanced & validity extended till 31.3.23
#ECLGS benefits expanded to Hospitality, Travel, Tourism & Civil Aviation sectors
✅ Rs 3.19 lakh cr. loans sanctioned under #ECLGS as on 25.03.22; about 95% of guarantees issued for loans sanctioned to #MSMEs (2/8)
#ECLGS extended following the announcement by Union Finance Minister Smt. @nsitharaman in Union Budget 2022-23 regarding the extension of #ECLGS upto March 2023. (3/8)
Read 8 tweets
LIVE UPDATES of Union Budget 2022

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#Budget2022 #UnionBudget
LIVE UPDATES of Union Budget 2022

Watch live here:

#Budget2022 #UnionBudget2022 #PMGatiShakti
LIVE UPDATES of Union Budget 2022

Watch live here:

#Budget2022 #UnionBudget2022 #DigitalBanking
Read 17 tweets
Post #Stimulus of Rs 30 lakh Cr last year,akin to 15% of GDP, Finance Minister announced slew of measures to ease stress on #Covid affected sectors,including Loan Guarantee Scheme of Rs 1.1 lakh Cr

#ECLGS amount hiked from Rs 3 lakh Cr,to 4.5 lakh Cr 💪

@narendramodi govt,cares
Credit Guarantee Scheme is an excellent measure to help Micro Lending Institutions,with interest rate on loans from banks capped at #MCLR+2% only

Focus on new lending rather than repayment of old loans,a big step

This is #AatmaNirbharBharat 4.0 by @narendramodi govt💪

Besides provision of 2.3 lakh Cr for #Health sector in Union Budget 2021-22,Rs 35000Cr towards spend on #Covid,#NirmalaSitharaman again announced Rs50000Cr for Health Sector&Rs60000Cr for other sectors,with interest rate capped at 8.25%,which bodes well

@narendramodi govt cares
Read 3 tweets
FM: today we will announce some relief measures; 8 measures to be announced, 4 of which are new Image
Finance Minister announces a Rs 1.1 lakh crore #loan guarantee scheme for #COVID affected sectors.

Rs 50,000 cr health sector guarantee coverage for non-metros medical infrastructure.

Rs 60,000 cr in addition for other sectors Image
CNBC-TV18 newsbreak confirmed, FM @nsitharaman announces an #Additional Rs 1.5 lk cr for ECLGS.

Rs 2.69 lk cr credit disbursal under #ECLGS so far. Image
Read 5 tweets
Banks have sanctioned Rs 1.87 lakh Cr,to 50.7 lakh units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme,#ECLGS,of @narendramodi govt💪

Rs 1.36 lakh Cr has been disbursed to over 27 lakh units in #MSME sector,impacted by slowdown caused by #coronavirus pandemic
Ambit of scheme,expanded to include #MSMEs with turnover of up to Rs 250Cr&individuals for business purposes

As of 5thOct2020,Rs 17460Cr of loans to individuals have been sanctioned,of which 5939Cr has been disbursed

#ECLGS scheme is a big success
#EconomicRecovery #GreenShoots
As many as 33 stranded housing projects with investment of 4197Cr accorded final approval under #SWAMIH scheme

Special window for Affordable&Mid Income Housing Fund #SWAMIH,is working at fast pace to provide relief to 25048 homeowners
#EconomicRecoveryOnTrack #ECLGS #GreenShoots
Read 4 tweets
An event that slipped by quietly is,
#Moody’s upgrading #YesBank's long-term foreign&local currency deposit ratings,from Caa1 to B3

Foreign currency senior unsecured #MTN rating of #Yes,raised from (P)Caa1 to (P)B3

Rating upgrade,follows successful #FPO,where Yes raised 15000Cr
Surprising,how mainstream media that went hammer&tong at the @narendramodi govt,in March 2020,when #YesBank collapsed,thx to a fraudulent #RanaKapoor&his ilk,is silent today,post the brilliant recovery of #Yes,coming back on track

PSB,#SBI,is doing a good job in resurrecting Yes
A significantly improved #Solvency ratio,#Moodys said, "strengthens #YesBank’s resilience to potential asset quality risks from impact of economic slowdown& #coronavirus related disruptions"

Moody's also lauded Yes Bank’s funding&liquidity that moderately improved in June'20 qtr
Read 5 tweets
German GDP down 10% in June qtr

France down 14%

Singapore minus 41%

#USGDP minus 32.9%,as per advance estimates

#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth

Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too

#SBI reported 81% jump in net profit at Rs 4189Cr

Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%

#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr

Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses

SBI made Covid related provisions worth 1836Cr inJune qtr

Total provisions against Covid related losses are 3008Cr
Read 13 tweets

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