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The finance ministry on Thursday announced the Emergency Credit Line Guarantee Scheme 2.0 (ECLGS 2.0) under which stressed sectors can avail themselves of debt moratoriums for up to five years, which executives said will help revive their pandemic-hit companies and encourage them to invest in building new capacities.
The ECLGS 2.0 will provide collateral-free, additional credit at capped interest rates to firms in 26 stressed sectors identified by the KV Kamath panel in October. The scheme also extended the deadline of loan moratorium from December to March next year.
The stressed sectors identified by the panel include aviation, power, construction, steel, roads
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