Azadi ka Amrit Mahatsav

Guaranteed Emergency Credit Line (GECL) Facility Details

SN

Parameter

Guidelines

1

Name

The Scheme shall be named as ‘Emergency Credit Line Guarantee Scheme (ECLGS)’. It shall have the following components, ECLGS 1.0, ECLGS 1.0(Extension), ECLGS 2.0, ECLGS 2.0(Extension), ECLGS 3.0, ECLGS 3.0(Extension) and ECLGS 4.0 (hereinafter together referred as the ‘Scheme’).

  1. ECLGS-1.0 refers to the scheme for providing 100% Guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers whose total credit outstanding (fund based only) across all lending institutions and days past due as on February 29, 2020 was upto Rs.50 crore and upto 60 days respectively.
  2. ECLGS 1.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 1.0 or new borrowers eligible under ECLGS 1.0 based on revised reference date of March 31, 2021.
  3. ECLGS-2.0 refers to the scheme for providing 100% Guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers in the 26 sectors identified by the Kamath Committee on Resolution Framework vide its report dated 04.09.2020 and the Healthcare sector whose total credit outstanding (fund based only) across all lending institutions and days past due as on February 29, 2020 was above Rs.50 crore and not exceeding Rs.500 crore and upto 60 days respectively.
  4. ECLGS 2.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 2.0 or new borrowers eligible under ECLGS 2.0 based on revised reference date of March 31, 2021.
  5. ECLGS 3.0 refers to the scheme for providing 100% guarantee to member lending institutions in respect of eligible credit facility extended by them to its borrowers in the Hospitality (hotels, restaurants, marriage halls, canteens etc.), Travel & Tourism, Leisure & Sporting and Civil Aviation (scheduled and non-scheduled airlines, chartered flight operators, air ambulances, airports and ground handling units) sectors whose days past due are upto 60 days as on February 29, 2020.
  6. ECLGS 3.0(Extension) refers to the scheme for providing additional support to existing borrowers of ECLGS 3.0 or new borrowers eligible under ECLGS 3.0 based on revised reference date of March 31, 2021.
  7. ECLGS 4.0 refers to the scheme for providing 100% guarantee to member lending institutions in respect of eligible credit facility extended by them to eligible hospitals/nursing homes/clinics/medical colleges / units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.  for setting up of on-site oxygen producing plants.

The credit product for which guarantee would be provided under the Scheme shall be named as ‘Guaranteed Emergency Credit Line (GECL)’.  

2

Purpose

  • It seeks to provide additional liquidity, thereby enabling Business Enterprises / MSMEs including PMMY borrowers to meet their operational liabilities and restart their businesses.
  • To provide 100% guarantee coverage for the GECL assistance of loan outstanding as on 29th February, 2020 or 31st March 2021, whichever is higher, to eligible borrowers, in the form of additional term loan /working capital term loan facility and/or non-fund based facility (under ECLGS 2.0, 2.0(Extension) & 4.0) to eligible Business Enterprises / Micro, Small and Medium Enterprise (MSME) borrowers, including interested PMMY borrowers, in view of COVID-19 crisis, as a special Scheme.
3

Nature of Facility

  1. Under ECLGS 1.0, ECLGS 1.0(Extension), ECLGS 3.0 & ECLGS 3.0(Extension)
    • Working Capital Term Loan
  2. Under ECLGS 2.0, ECLGS 2.0(Extension),
    • Working Capital Term Loan
    • Non fund based facility
    • Combination of both Fund + Non Fund
  3. Under ECLGS 4.0
    • Fund Based (Term Loan)
    • Non fund based (LC for import of capital goods)
4

Eligibility Criteria

  1. Under ECLGS 1.0
    • All borrower accounts pertaining to Business Enterprises /MSMEs/Loans to individuals for specific businesses purposes (as specified in the FAQs) with total credit outstanding (fund based only) across all lending institutions of up to Rs.50 crore as on 29.2.2020 are eligible.
    • Bank has to check with credit bureau the overall outstanding of the borrower to assess the eligibility of the borrower.
    • To be eligible under ECLGS 1.0, the Borrower accounts should be less than or equal to 60 days past due as on 29th February, 2020 i.e. they should not have been classified as SMA 2 or NPA by any of the lender as on 29th February, 2020.
  2. Under ECLGS 1.0 (Extension)
    • All borrowers who have availed assistance under ECLGS 1.0 or new businesses which are eligible under ECLGS 1.0 based on the revised reference date of 31st March 2021 and meet the other terms of these guidelines are eligible.  
  3. Under ECLGS 2.0
    • All Business Enterprises /MSMEs in the 26 Covid related stressed sectors identified by the Kamath Committee on Resolution Framework and the Healthcare sector (Attached as Annexure I) who have availed loan for business purposes with total credit outstanding (fund based only) across all lending institutions above Rs.50 crore and upto Rs.500 crore as on 29.02.2020 are covered.
    • To be eligible under ECLGS 2.0, the borrower accounts should be less than or equal to 60 days past due as on February 29, 2020 i.e. they should not have not been classified as SMA 2 or NPA by any of the lender as on 29th February 2020. 
  4. Under ECLGS 2.0 (Extension),
    • All borrowers who have availed assistance under ECLGS 2.0 or new businesses which are eligible under ECLGS 2.0 based on the revised reference date of 31st March 2021 and meet the other terms of these guidelines are eligible.  
  5. Under ECLGS 3.0
    • All Business Enterprises /MSMEs in the Hospitality (hotels, restaurants, marriage halls, canteens etc.), Travel & Tourism, Leisure & Sporting and Civil Aviation (including scheduled and non-scheduled airlines, chartered flight operators, air ambulances, airports and ground handling units) sectors whose days past due are upto 60 days as on 29.02.2020 are eligible
  6. Under ECLGS 3.0 (Extension)
    • All borrowers who have availed assistance under ECLGS 3.0 or new businesses which are eligible under ECLGS 3.0 based on the revised reference date of 31st March 2021 and meet the other terms of these guidelines are eligible.  
  7. Under ECLGS 4.0
    • All existing hospitals/ nursing homes/ clinics/ medical colleges/ units engaged in manufacturing of liquid oxygen, oxygen cylinders etc, who have a credit facility from a lending institution with days past due upto 90 days as on 31.03.2021 are eligible for assistance of upto Rs.2 crore for setting up technologies like Pressure Swing Adsorption for onsite oxygen producing plants. 
  • Loans provided to Business Enterprises / MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall be eligible under the Scheme. Loan provided to individuals for business purposes shall be eligible for coverage under ECLGS 1.0 (as specified in FAQs) under specified categories.
  • For the purpose of ECLGS 1.0, Business Enterprises / MSMEs would include loans covered under Pradhan Mantri Mudra Yojana extended on or before 29.2.2020 and reported on the MUDRA portal. All eligibility conditions including the condition related to Days past due would also apply to PMMY loans.
  • Loans provided in individual capacity are covered under ECLGS 1.0. However, such loans should be restricted to business loans taken by individuals (for commercial purposes vehicle, commercial / construction equipment, diagnostic equipment, Loan against property for own business purpose) for their own businesses and should be supported with a Management Certificate to this effect at the time of guarantee application. These loans should also meet the other eligibility criteria of the scheme. 
  • The Scheme is valid for existing customers on the books of the MLIs. 
  • Days Past Due status as on 29.02.2020/31.03.2021 to be checked across all lending institutions from credit bureau while sanctioning loans under ECLGS.
  • All borrower accounts which had NPA or SMA-2 status as on 29.2.2020 shall not be eligible under ECLGS 1.0, ECLGS 2.0 and ECLGS 3.0.
  • Similarly, all borrower accounts which had NPA or SMA-2 status as on 31.03.2021 shall not be eligible under ECLGS 1.0 (Extension), ECLGS 2.0(Extension) and ECLGS 3.0 (Extension). All borrower accounts which had NPA status as on 31.03.2021 shall not be eligible under ECLGS 4.0.
  • However, as per decision taken on September 08, 2020, exception has been allowed for overdues of the borrower in respect of their credit card/savings account/current account provided the said overdues did not exceed 1% of the loan amount (i.e. GECL amount) extended under ECLGS facility and that the overdue amount were regularized prior to assistance being extended under ECLGS and provided further that the member lending institutions ensure that the overdues were covered by the materiality concept being followed by the MLIs.
  • Business Enterprises / MSME borrower must be GST registered in all cases where such registration is mandatory. This condition will not apply to Business Enterprises / MSMEs that are not required to obtain GST registration.
  • The borrower account otherwise eligible under the scheme should not be NPA as on the date of sanction/disbursement.
  • For the purpose of this Scheme it is not necessary that the existing loans of the borrowers should be covered under the existing NCGTC or CGTMSE Scheme.
5

Opt in / out Option

  • An ‘opt-out’ option should be provided to the eligible borrowers under ECLGS 1.0 to enable them to choose whether they wish to opt out of the GECL facility.
  • Facility under ECLGS 2.0, ECLGS 3.0 & ECLGS 4.0 however, shall be on ‘Opt-in’ basis. 
6

Quantum of Finance

Note: Refer operational guidelines attached herewith for calculation of eligible amount.

  1. Under ECLGS 1.0
    • The amount of GECL funding to eligible borrowers in the form of additional working capital term loan would be up to 20% of their total credit outstanding up to Rs. 50 crore (fund based only) as on 29th February, 2020, subject to the borrower meeting all the eligibility criteria.
  2. Under ECLGS 1.0(Extension)
    • The amount of GECL funding to existing ECLGS 1.0 borrowers or new borrowers, in the form of additional working capital term loan facility would be upto 30% (enhanced from the present 20%) of their total credit outstanding (net of support received under ECLGS 1.0) up to Rs. 50 crore (fund based only) as on 29th February, 2020 or 31st March 2021, whichever is higher, subject to the borrower meeting all the eligibility criteria.
  3. Under ECLGS 2.0
    • the amount of GECL funding to eligible borrowers in the form of additional working capital term loan facility and / or non-Fund based facility or a mix of the two would be up to 20% of their total credit outstanding (fund based only) up to Rs. 500 crore as on 29th February, 2020, subject to the borrower meeting all the eligibility criteria.
    • Credit facility under ECLGS 2.0 could be in the form of fund based or non-fund based facility or a mix of the two.
  4. Under ECLGS 2.0(Extension),
    • The amount of GECL funding to eligible borrowers in the form of additional working capital term loan facility and / or non-Fund based facility or a mix of the two would be upto 30% (enhanced from the present 20%) of their total credit outstanding (fund based only, net of support received under ECLGS 2.0) up to Rs. 500 crore as on 29th February, 2020 or 31st March, 2021, whichever is higher, subject to the borrower meeting all the eligibility criteria.
    • Credit facility under ECLGS 2.0(Extension) could be in the form of fund based or non-fund based facility or a mix of the two.
  5. Under ECLGS 3.0
    • The amount of GECL funding to eligible borrowers in the form of additional working capital term loan facility would be up to 40% of their total credit outstanding (fund based only) as on 29.02.2020, subject to a cap of Rs.200 crore per borrower and the borrower meeting all the other eligibility criteria.
    • Such of the eligible borrowers, who are eligible under ECLGS 3.0 and have already availed benefit under ECLGS 1.0 or ECLGS 2.0 shall be eligible for additional credit upto 20% of their total credit outstanding as on 29.02.2020.
  6. Under ECLGS 3.0 (Extension)
    • The amount of GECL funding to eligible borrowers in the form of additional working capital term loan facility would be up to incremental credit eligibility based on outstanding of 29.02.2020 or 31.03.2021, whichever is higher subject to a cap of Rs.200 crore per borrower and the borrower meeting all the other eligibility criteria. 
  7. Under ECLGS 4.0
    • The amount of GECL funding to eligible borrowers would be in the form of fund based (term loan) or non-fund based (LC for import of capital goods) facility and would be limited to Rs.2 crore per borrower for setting up on-site oxygen producing plant.
    • Total Outstanding Amount would comprise of the on-balance sheet exposure such as outstanding amount across WC loans, term loans and WCTL loans. Off-balance sheet and non-fund based exposures will be excluded.
7

Multiple Lending (Multiple Banking and Consortium Banking)

  • In case a borrower has existing limits with multiple lenders, GECL may be availed either through one lender or multiple lenders depending upon the agreement between the borrower and the Bank.
  • In case the borrower wishes to take from any lender an amount more than the proportional 30% [40% in case of ECLGS 3.0 & ECLGS 3.0 (Extension), subject to cap of Rs.200 crore per borrower] of the outstanding credit that the borrower has with that particular lender, a ‘No Objection Certificate (NOC)’ would be required from such lenders whose share of ECLGS loan is being proposed to be taken from the specific lender. However, it would be necessary for the specific lender to agree to provide ECLGS facility on behalf of such of the lenders.
  • No NOC will, however, be required if the GECL availed from a particular lender is limited to the proportional 30% (40% in case of ECLGS3.0 and ECLGS 3.0 (Extension)] subject to cap of Rs.200 crore per borrower) of the outstanding credit that the borrower has with that lender.  
8

Tenure

  1. Under ECLGS 1.0: The tenor of loans provided under GECL shall be four years from the date of first disbursement.
  2. Under ECLGS 1.0 (Extension): The tenor of loans provided under GECL shall be five years from the date of first disbursement.
  3. Under ECLGS 2.0: The tenor of facilities provided under GECL shall be for a period of five years from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility, whichever is earlier. To be eligible for guarantee cover of the sanctioned non-fund based facility, first utilization must happen on or before June 30, 2022.
  4. Under ECLGS 2.0 (Extension): The tenor of facilities provided under GECL shall be for a period of Six years from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility, whichever is earlier. To be eligible for guarantee cover of the sanctioned non-fund based facility, first utilization must happen on or before June 30, 2022.
  5. Under ECLGS 3.0 & 3.0 (Extension): The tenor of facilities provided under GECL shall be six years from the date of first disbursement.
  6. Under ECLGS 4.0:  The tenor of facilities provided under GECL shall be for a maximum period of five years from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility, whichever is earlier. Last date of disbursement under fund based facility and utilization of LC under non-fund facility shall be June 30, 2022.The last date of disbursement for fund based facility under the scheme shall be June 30, 2022.

Note: While no last date has been stipulated for the non-fund based facility under ECLGS 2.0, & 2.0(Extension), the sanctioning authority should ensure to progressively reduce their liability under the non-fund based facility as the guarantee cover under the scheme for a particular borrower shall expire on completion of 5 years from the first date of utilization by the borrower under ECLGS 2.0 & 2.0 (Extension) or June 30, 2027, whichever is earlier.  

9

Moratorium

  • Moratorium period of one year on the principal amount shall be provided to borrowers for the fund based portion of GECL credit under ECLGS 1.0 & 2.0 and 6 months for the fund based portion of GECL under ECLGS 4.0 during which interest shall be payable.
  • Moratorium period of 2 years on the principal amount shall be provided to borrowers for GECL facility (only fund based is allowed) under ECLGS 3.0, during which period interest shall be payable.
  • Moratorium period of 2 years on the principal repayment shall be provided to borrowers for the fund based portion of GECL credit under ECLGS 1.0(Extension), 2.0(Extension), 3.0 & 3.0(Extension).    
10

Disbursal & Repayment

  • The last date of sanction and disbursement of fund based facility is March 31, 2022 and June 30, 2022 respectively.
  • Entire disbursement out of fund based facility should happen on or before June 30, 2022.
  •  Utilization of at least first tranche under non-fund based facility under ECLGS 2.0/2.0(Extension) should happen on or before June 30, 2022. Utilisation of further tranches under non-fund based facility under ECLGS 2.0/2.0(Extension) can happen subsequently during the currency of the guarantee cover.
  • Utilisation of entire non-fund based facility (LC for import of capital goods) under ECLGS 4.0 should happen on or before June 30, 2022, even though they may be crystallising later. (Ref. attached FAQ, Q.123)
  • No pre-payment penalty in case of early repayment.
  • Interest shall, be payable during the moratorium period.
  • The principal shall be repaid in 36 monthly instalments under ECLGS 1.0, & 1.0(Extension), in 48 monthly instalments under ECLGS 2.0, 2.0(Extension), 3.0, & 3.0(Extension)and in maximum 54 monthly instalments under ECLGS 4.0, after the moratorium period is over.
11

Margin

  • NIL for funded facility under ECLGS. However, margin for the existing limits will continue as per the sanctioned terms.
  • In case of Non-funded facility under ECLGS 2.0:

The margin should be as per existing non-funded facility.

  • In case, there is no existing non-funded facility, the margin of 25% should be taken [only for non-funded portion of ECLGS 2.0, ECLGS 2.0 (Extension)].
12

Rate of Interest / commission for Non-Funded facility

Rate of Interest

  • For ECLGS 1.0, ECLGS 1.0 (Extension), ECLGS 2.0, ECLGS 2.0 (Extension), ECLGS 3.0 & ECLGS 3.0 (Extension)
    1. MSMEs
      • Linked to RLLR, subject to a minimum RoI of 7.5%. At present it is RLLR + 0.7 and a maximum up to 9.25%. (During the entire tenure of this loan facility).
    2. Non- MSMEs
      • MCLR + spread of 0.20% to 1% to be decided by the sanctioning authority on case to case basis (subject to a minimum RoI of 7.5% and a maximum up to 9.25% during the entire tenure of this loan facility).
  • For ECLGS 4.0,
    • 7.5% p.a.

  • Interest to be served as and when applied.
  • Penal interest as per extant Bank’s guidelines would be charged for default in payment of installments & interest within stipulated time period.
  • No penal interest due to any non-compliance of the already accepted covenants on the existing credit facilities may be charged on this product during the sanction time.

Commission on Non-Funded Facility:

  • In case of existing non-fund facility: Charges as per existing sanction.
  • In case of fresh sanction of non-fund facility: As per extant guidelines of service charges.
13

Restructuring in terms of RBI Guidelines of May 05, 2021 (as amended vide RBI circular dated June 04, 2021) 

  • Borrowers who have availed assistance under ECLGS 1.0 and are eligible for restructuring as per RBI guidelines of May 05, 2021 (as amended vide RBI Circular dated June 04, 2021) are permitted to avail of the same. GECL loans in such cases would be allowed a repayment tenure of upto 5 years, i.e, period upto 24 months during which only interest shall be payable and the principal instalments shall be payable thereafter in 36 monthly instalments.
  • Borrowers who avail of the restructuring as per RBI guidelines shall be permitted to avail additional assistance upto 10% of their outstanding as on February 29, 2020 with the respective MLI, provided they have not availed additional assistance under ECLGS 3.0. They shall not be subsequently eligible for ECLGS 3.0, i.e. borrowers may either avail of this additional 10% or additional assistance under ECLGS 3.0, but not both.
  • All the Branches & Borrowers shall ensure to comply with the terms and conditions of the said RBI guidelines.
14

Security

  • The additional WCTL or non-fund based facility granted under ECLGS (all component of ECLGS) shall rank second charge with the existing credit facilities in terms of cash flows (including repayments) and security, with charge on the assets financed under the Scheme to be created on or before June 30, 2022 or date of NPA, whichever is earlier. 
  • No additional collateral shall be asked for additional funding under GECL.
  • Borrowers availing assistance under ECLGS 4.0 shall open ESCROW A/c on which Bank shall have its charge.
  • As per decision taken on September 08, 2020, the stipulation of second charge has been waived in respect of all loans up to Rs.25 lakh (outstanding as on February 29, 2020 plus loan sanctioned under GECL), subject to Bank ensuring to safeguard the interests of NCGTC. 
  • Extension of any guarantee or obtaining of any fresh guarantee will make the guarantee cover provided by NCGTC under the scheme void.
  • Branches who have obtained guarantee in any form for GECL facility may take necessary steps to get the same cancelled to ensure continuity of guarantee cover.
15

Collateral

No additional collateral shall be asked for additional credit extended under this scheme.

16

Scheme Validity

The Scheme would be applicable to all loans sanctioned under GECL during the period from the date of issue of these guidelines by NCGTC to 31.03.2022 or till guarantees for an amount of Rs 4,50,000 crore are issued (taking into account all components of ECLGS), whichever is earlier.

17

Guarantee Coverage

  • The National Credit Guarantee Trustee Company Limited (NCGTC) shall provide 100% Guarantee coverage on the outstanding amount for the credit facility provided under the Scheme as on the date of NPA or on the date of lodgment of claim, whichever is lower.
  • Credit Guarantee from NCGTC would be unconditional and irrevocable.
  • Once Bank enters the details of the loan sanctioned to an eligible borrower as per the scheme guidelines, the system shall approve the guarantee automatically and will provide Application Reference No. and Credit Guarantee Number to the Bank, which shall be used by the Bank for later references.
  • No documents are sought at the time of application lodgment of guarantee, except in the case of individual loans where a management certificate certifying that the original loan was for business purposes.
18

Guarantee Fee

No Guarantee Fee for all credits facilities provided

under this scheme

19

Invocation of guarantee

  • Branches / Zones are required to inform the date on which the account was classified as NPA within 90 days of the account being classified as NPA or within 90 days of the order dated March 24, 2021 of the Hon’ble Supreme Court.
  • A onetime relaxation has been allowed for reporting of NPAs until October 31, 2021 for accounts missed, subject to payment of penalty of 1.5% of claim amount at the time of claim settlement. 
  • The Trustee Company shall pay 75 per cent of the guaranteed amount within 30 days of preferring of eligible claim by Bank, subject to the claim being otherwise found in order and complete in all respects.
  • The balance 25 per cent of the guaranteed amount will be paid on conclusion of recovery proceedings or till the decree gets time barred, whichever is earlier.
  • With regard to loans to individuals, furnishing of a Statutory Auditor Certificate certifying the eligibility of the loan availed and claim preferred as per scheme guidelines would be essential prior to final settlement of balance 25%.
20

Procedure for filing and settlement of claims under ECLGS

NPA Marking:

NPA marking module is available on NCGTC/ECLGS portal under Claim & Settlement, wherein provision is made for NPA marking. Bank needs to mark NPA within 90 days of the account being classified as NPA or date of Supreme Court order (March 23, 2021), whichever is later.

Interim Claim:

  • Bank shall furnish the details of the account which would include date of NPA, amount in default, status of legal action (mere issue of recall notice shall not be construed as initiation of legal action. Legal action shall be considered as initiated upon filing of application in Lok Adalat/Civil Court/Revenue State Authority/DRT or after action pursuant to the notice issued under Section 13(4) of SARFAESI Act, 2002 or after admission of application under NCLT or commencement of arbitration proceedings or such other action as may be decided by NCGTC from time to time Ref. FAQ No.83) etc. in the claim lodgment page available on the portal. Bank may also be required to upload Management Certificate certifying certain details about the account.
  • On submission of this claim, an e-mail shall go to the Bank that its claim has been lodged and NCGTC would initiate action to approve the claim request and arrange to pay 75% of the amount in default within 30 days of the claim date provided all requisite documents are submitted and the claim is found to be in order and complete in all respects. This shall be treated as Interim Claim.
  • In view of the fact that date of default for facilities under non-fund based assistance could be on different dates, multiple interim claims shall be allowed to the MLI. 
  • Bank shall also furnish details of the recoveries made in the account and after adjusting such recoveries towards default amount relating to first charge and the legal costs incurred by them, remit the balance amount to NCGTC within 30 days, failing which Bank shall be required to pay the recovered amount along with interest at 2% over and above the prevailing repo rate from the date of recovery to the date of payment.

Final Claim:

On completion of the recovery Proceedings or till decree gets time barred, whichever is earlier, Bank shall submit its claim for the balance 25% of the amount in default (net of recoveries, if not already remitted as above).

  • Procedure for settlement of this Final Claim shall be the same as that of Interim Claim except that in the case of loans to individuals, Management Certificate shall be replaced by Statutory Auditor’s certificate.
  • Post invocation of the guarantee claim, if any recoveries are made in the account, Bank shall first adjust such recoveries towards default amount relating to first charge and the legal costs incurred by it for recovery of the amount and shall thereafter remit to NCGTC the balance recoveries. 
21

Insurance

Comprehensive insurance of all the securities charged to the Bank should be taken with Bank clause.

22

Processing Fee

Nil (No separate processing charge is to be recovered for ECLGS)

23

Prepayment Charges

Nil

24

CIBIL charges

100/- + GST

25

Documentation/Other Charges

As per extant guidelines of Bank

26

Risk Weight Assessment/CRR

  • Zero risk weight is assigned to the credit facilities extended under the scheme, as per RBI Circular No. 76/21.06.201/2019-20 dated June 21, 2020. (Refer attached FAQ, Q.47).
  • CRR is not required since the facility is having 100%

      guarantee cover by NCGTC.

26 sectors identified by the Kamath Committee on Resolution Framework

Sr. No.

26 sectors identified by the Kamath Committee on Resolution Framework vide its report dated 04.09.2020

1

Auto Components

2

Auto Dealership

3

Automobile Manufacturing*

4

Aviation**

5

Building Materials - Tiles

6

Cement

7

Chemicals

8

Construction

9

Consumer Durables / FMCG

10

Corporate Retails Outlets

11

Gems & Jewellery

12

Hotel, Restaurants, Tourism

13

Iron & Steel Manufacturing

14

Logistics

15

Mining

16

Non Ferrous Metals

17

Pharmaceuticals Manufacturing

18

Plastic Products Manufacturing

19

Port & Port Services

20

Power

  • Generation
  • Transmission
  • Distribution

21

Real Estate

  • Residential
  • Commercial

22

Roads

23

Shipping

24

Sugar

25

Textiles

26

Trading – Wholesale