Union Cabinet has approved Emergency Credit Line Guarantee Scheme (ECLGS) worth Rs 50,000 crore for hospitality, travel and tourism sectors. The overall ECLGS allotment has been hiked from Rs 4.5 lakh crore to Rs 5 lakh crore, Union Information and Broadcasting Minister Anurag Thakur noted.
“Cabinet approved enhancement of limit of emergency credit line guarantee scheme by Rs 50,000 crore for travel, tourism and hospitality sector,” Thakur noted. He further mentioned, “For that,…