Finance Ministry Modifies ECLGS; Raises Loan Limit To Rs 1,500 Crore For Aviation Sector To Tide Over Stress

As per the modified ECLGS 3.0, an airline would be eligible for “100% of their fund based or non-fund-based loan outstanding as on the reference dates or Rs 1,500 crore, whichever is lower; and of the above, Rs 500 crore shall be considered, based on equity contribution by the owners.”

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