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The Emergency Credit Line Guarantee Scheme (ECLGS) 3.0 will involve the extension of credit up to how much percent of total credit outstanding across all lending institutions?

The Emergency Credit Line Guarantee Scheme (ECLGS) 3.0 will involve the extension of credit up to how much percent of total credit outstanding across all lending institutions? Correct Answer 40

The correct answer is 40%.

  • The Central government has extended the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) through the introduction of ECLGS 3.0.
  • ECLGS 3.0 will involve the extension of credit up to 40 percent of total credit outstanding across all lending institutions.
  • The tenor of loans granted under ECLGS 3.0 will be six years including a moratorium period of two years.

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