Guaranteed loans for stressed assets out of existing Rs 3 trn credit line

Scheme to be applicable to all 26 sectors identified by K V Kamath panel along with health sector, with past dues from Rs 50-500 crore as of 29 February, 2020

Guaranteed loans will be provided to stressed assets, impacted by the Covid-19 pandemic, from the existing credit line of Rs three trillion earmarked for the previous scheme meant for small businesses.

The operational guidelines for the ‘guaranteed emergency credit line’ scheme issued on Thursday stated that the scheme would be applicable to all 26 sectors, identified by the K.V. Kamath committee on resolution framework and health sector, with past dues from Rs 50-Rs 500 crore as of 29 February, 2020.

The scheme will be in force till March 31 or till the time Rs 3 trillion is sanctioned under the