Guaranteed Emergency Credit Line

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Guaranteed Emergency Credit Line

Atmanirbhar Bharat Package for businesses – To promoting Local products and making them Global
Aatmanirbhar package announced measures to address the short-term liquidity crunch of MSMEs. It will help units which are typically strapped for working capital. Moreover, the government has ploughed in structural reforms as well to help drive India’s medium-term growth story.
No Guarantee fee or no fresh collateral required to avail additional finance by MSME
Government targets to help 45 lakh MSME Units who can resume business activities and safeguard jobs through the Emergency Credit line.

Salient features of GECL :

GECL-1.0(Extension)	GECL-2.0(Extension)	GECL-3.1	GECL-4.0
Purpose A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.	Purpose A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.	Purpose A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.	Purpose Credit facilities to existing borrowers for setting up of Hospitals /nursing homes/ clinics/ medical colleges / units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.
INTEREST RATE For MSME-7.40% For Non MSME-7.95%	INTEREST RATE For MSME-7.65% For Non MSME-7.95%	INTEREST RATE For MSME-7.65% For Non MSME-7.95%	INTEREST RATE @ 7.50% p.a.
Eligibility: All borrowers who have availed assistance under GECL-1.0 or new businesses which are eligible under GECL-1.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-1) should be up to Rs. 50 crores.	Eligibility: All borrowers having operations in the 26 sectors identified by the Kamath Committee on Resolution Framework in its report dated September 04, 2020 and the Healthcare sector, who have availed assistance under GECL-2.0 or new businesses which are eligible under GECL-2.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-2) should be above Rs 50.00 crores and up to Rs. 500.00 crores.	Eligibility: All borrowers having operations in the Hospitality & related sectors or Civil Aviation sectors, who have availed assistance under GECL-3.0 or new businesses which are eligible under GECL-3.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021 or 31.01.2022.	Eligibility: Existing borrowers with Fund based loan outstanding and days past due upto 90 days as on 31.03.2021 having operations in Healthcare sector. The account should not have been classified as NPA by any of the lender as on 31.03.2021.
Loan Amount: Loan amount up to 30% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher, subject to the borrower meeting all other eligibility criteria. Max. Loan: Rs 15.00 Cr (Existing GECL-1 + GECL-1 (Extension) across all MLIs)	Loan Amount: Loan amount up to 30% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher, subject to the borrower meeting all other eligibility criteria. Max. Loan: Rs 150.00 crores (Existing GECL-2 + GECL-2 (Extension) across all MLIs)	Loan Amount: For Hospitality & related sectors. Loan amount up to 50% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021 or 31.01.2022, whichever is higher, subject to the borrower meeting all other eligibility criteria. Max. Loan: Rs 200.00 crores (Existing GECL + GECL-3.1) across all MLIs) For Civil Aviation sector: Loan amount up to 50% of their total credit outstanding (both fund based and non fund based) as on 29.02.2020 or 31.03.2021 or 31.01.2022, whichever is higher, subject to the borrower meeting all other eligibility criteria. Max. Loan: Rs 400.00 crores (Existing GECL + GECL-3.1 across all MLIs)	Loan Amount: Maximum up to Rs 2.0 Crores
Facility: WCTL	Facility: WCTL and NFB facilities	Facility: WCTL and NFB facilities	Facility Term Loan / Letter of Credit (for machinery purchase)
Validity Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.	Validity Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.	Validity Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.	Validity Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.
Tenor: Moratorium period- 24 months Repayment period- 36 months Total tenor-60 months	Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 months	Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 months	Tenor: Moratorium period- 6 months Repayment period- 54 months Total tenor-60 months
Processing fee, Guarantee fee, Fresh / Additional collateral-NIL

GECL-1.0(Extension)

GECL-2.0(Extension)

GECL-3.1

GECL-4.0

Purpose

A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.

Purpose

A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.

Purpose

A step towards restarting business, helping MSMEs to buy raw material, meet operational cost and liabilities of businesses that have been impacted by COVID.

Purpose

Credit facilities to existing borrowers for setting up of Hospitals /nursing homes/ clinics/ medical colleges / units engaged in manufacturing of

liquid oxygen, oxygen cylinders etc.

INTEREST RATE

For MSME-7.40%

For Non MSME-7.95%

INTEREST RATE

For MSME-7.65%

For Non MSME-7.95%

INTEREST RATE

For MSME-7.65%

For Non MSME-7.95%

INTEREST RATE

@ 7.50% p.a.

Eligibility:

All borrowers who have availed assistance under GECL-1.0 or new businesses which are eligible under GECL-1.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021.

Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-1) should be up to Rs. 50 crores.

Eligibility:

All borrowers having operations in the 26 sectors identified by the Kamath Committee on Resolution Framework in its report dated September 04, 2020 and the Healthcare sector, who have availed assistance under GECL-2.0 or new businesses which are eligible under GECL-2.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021.

Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-2) should be above Rs 50.00 crores and up to Rs. 500.00 crores.

Eligibility:

All borrowers having operations in the Hospitality & related sectors or Civil Aviation sectors, who have availed assistance under GECL-3.0 or new businesses which are eligible under GECL-3.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021 or 31.01.2022.

Eligibility:

Existing borrowers with

Fund based loan outstanding and days past due upto 90 days as on 31.03.2021 having operations in Healthcare sector.

The account should not have been classified as NPA by any of the lender as on 31.03.2021.

Loan Amount:

Loan amount up to 30% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher, subject to the borrower meeting all other eligibility criteria.

Max. Loan: Rs 15.00 Cr (Existing GECL-1 + GECL-1 (Extension) across all MLIs)

Loan Amount:

Loan amount up to 30% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher, subject to the borrower meeting all other eligibility criteria.

Max. Loan: Rs 150.00 crores (Existing GECL-2 + GECL-2 (Extension) across all MLIs)

Loan Amount:

For Hospitality & related sectors.

Loan amount up to 50% of their total fund based credit outstanding as on 29.02.2020 or 31.03.2021 or 31.01.2022, whichever is higher, subject to the borrower meeting all other eligibility criteria.

Max. Loan: Rs 200.00 crores (Existing GECL + GECL-3.1) across all MLIs)

For Civil Aviation sector:

Loan amount up to 50% of their total credit outstanding (both fund based and non fund based) as on 29.02.2020 or 31.03.2021 or 31.01.2022, whichever is higher, subject to the borrower meeting all other eligibility criteria.

Max. Loan: Rs 400.00 crores (Existing GECL + GECL-3.1 across all MLIs)

Loan Amount:

Maximum up to Rs 2.0 Crores

Facility:

WCTL

Facility:

WCTL and

NFB facilities

Facility:

WCTL and

NFB facilities

Facility

Term Loan / Letter of Credit (for machinery purchase)

Validity

Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.

Validity

Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.

Validity

Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.

Validity

Scheme is valid up to 31.03.2023 or till guarantees for an amount of Rs 4,50,000 crore is sanctioned under the GECL, (taking into account all components of GECL), whichever is earlier.

Tenor:

Moratorium period- 24 months

Repayment period- 36 months

Total tenor-60 months

Tenor:

Moratorium period- 24 months

Repayment period- 48 months

Total tenor-72 months

Tenor:

Moratorium period- 24 months

Repayment period- 48 months

Total tenor-72 months

Tenor:

Moratorium period- 6 months

Repayment period- 54 months

Total tenor-60 months

Processing fee, Guarantee fee, Fresh / Additional collateral-NIL

Eligibility

GECL-1.0(Extension)	GECL-2.0(Extension)	GECL-3.0(Extension)	GECL-4.0(Extension)
Eligibility: All borrowers who have availed assistance under GECL-1.0 or new businesses which are eligible under GECL-1.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.2.2020 or 31.03.2021 Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-1) should be up to Rs. 50 crores.	Eligibility: All borrowers having operations in the 26 sectors identified by the Kamath Committee on Resolution Framework in its report dated September 04, 2020 and the Healthcare sector, who have availed assistance under GECL-2.0 or new businesses which are eligible under GECL-2.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.2.2020 or 31.03.2021. Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-2) should be above Rs 50.00 crores and up to Rs. 500.00 crores.	Eligibility: All borrowers having operations in the Hospitality, Travel & Tourism and Leisure & Sporting and Civil Aviation sectors, who have availed assistance under GECL-3.0 or new businesses which are eligible under GECL-3.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.02.2020 or 31.03.2021.	Eligibility: Existing borrowers with Fund based loan outstanding and days past due upto 90 days as on 31.03.2021 having operations in Healthcare sector. The account should not have been classified as NPA by any of the lender as on 31.03.2021.

GECL-1.0(Extension)

GECL-2.0(Extension)

GECL-3.0(Extension)

GECL-4.0(Extension)

Eligibility:

All borrowers who have availed assistance under

GECL-1.0 or new

businesses which are eligible under GECL-1.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.2.2020 or 31.03.2021 Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-1) should be up to Rs. 50 crores.

Eligibility: All borrowers having operations in the 26 sectors identified by the Kamath Committee on Resolution Framework in its report dated September 04, 2020 and the Healthcare sector, who have availed assistance under GECL-2.0 or new businesses which are eligible under GECL-2.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.2.2020 or 31.03.2021. Overall fund based outstanding loans across all Member Lending Institutions (net of support received under GECL-2) should be above Rs 50.00 crores and up to Rs. 500.00 crores.

Eligibility: All borrowers having operations in the Hospitality, Travel & Tourism and Leisure & Sporting and Civil Aviation sectors, who have availed assistance under GECL-3.0 or new businesses which are eligible under GECL-3.0 and classified as regular, SMA-0 or SMA-1 as on 29.2.2020 or 31.03.2021. The account should not have been classified as SMA-2 or NPA by any of the lender as on 29.02.2020 or 31.03.2021.

Eligibility: Existing borrowers with Fund based loan outstanding and days past due upto 90 days as on 31.03.2021 having operations in Healthcare sector. The account should not have been classified as NPA by any of the lender as on 31.03.2021.

Repayment:

GECL-1.0(Extension)	GECL-2.0(Extension)	GECL-3.0(Extension)	GECL-4.0(Extension)
Tenor: Moratorium period- 24 months Repayment period- 36 months Total tenor-60 mont	Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 month	Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 months	Tenor: Moratorium period- 6 months Repayment period- 54 months Total tenor-60 months
Processing fee, Guarantee fee, Fresh / Additional collateral-NIL

GECL-1.0(Extension)

GECL-2.0(Extension)

GECL-3.0(Extension)

GECL-4.0(Extension)

Tenor:

Moratorium period- 24 months

Repayment period- 36 months

Total tenor-60 mont

Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 month

Tenor: Moratorium period- 24 months Repayment period- 48 months Total tenor-72 months

Tenor: Moratorium period- 6 months Repayment period- 54 months Total tenor-60 months

Processing fee, Guarantee fee, Fresh / Additional collateral-NIL

Last Updated On : Thursday, 05-05-2022

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