CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Centre has extended the timeline for ECLGS by one year. What is the total amount sanctioned for the ECLGS 3.0 scheme?

A	Rs 5 lakh crore
B	Rs 2 lakh crore
C	Rs 3 lakh crore
D	Rs 4 lakh crore

Explanation:

Detailed explanation-1: -Finance Minister Nirmala Sitharaman as a part of the Union Budget 2022 announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to March 2023. Further, the finance minister also announced that the cover will be expanded by another Rs 50,000 crore to Rs 5 lakh crore.

Detailed explanation-2: -The admissible guarantee limit under the scheme was increased from Rs 4.5 lakh crore to Rs 5 lakh crore earlier this year, with the additional guarantee cover of Rs 50,000 crore earmarked exclusively for the hospitality and related enterprises including the civil aviation sector.

Detailed explanation-3: -Scope of Emergency Credit Line Guarantee Scheme (ECLGS) enhanced and validity extended till 31.3.2023.

Detailed explanation-4: -4.5 Lakh crore to Rs. 5 Lakh crore for these sectors which will valid till 31st March, 2023.

There is 1 question to complete.