Objective of the Scheme

Launched by Government of India as a special scheme in view of COVID-19 crisis

To provide 100% guarantee coverage to Banks and NBFCs to enable them to extend emergency credit facilities to Business Enterprises / MSMEs in view of COVID-19 to meet their additional term loan/additional working capital requirements.

Salient Features of the Scheme

Emergency Credit line

The amount of Emergency Credit line to be extended to Business Enterprises / MSMEs would be upto 20% of total outstanding as on Feb 29,2020.

100% Guarantee Coverage

100% Guarantee Coverage for the additional funds sanctioned under the Emergency Credit Line Scheme.

Eligible Borrower

Business Enterprises / MSMEs with outstanding loan of upto Rs.50 crore as on February 29, 2020 and turnover of upto Rs.250 crore in FY 2019-20.

Interest Rate

Interest rate charged is capped at 9.25% for banks and 14% for NBFCs.


Maximum tenure of 4 years from the date of disbursement.


Moratorium period on Principal amount is 12 months.


No charges / guarantee fees to be charged by MLIs/NCGTC.

Contact Details
NCGTC Business Support ceo@ncgtc.in
  • Mr. Darshan Shah - +91 7977995245
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