As per the Finance Ministry rsquo s notification what is the limit up to which airlines can avail lo...........

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As per the Finance Ministry’s notification, what is the limit up to which airlines can avail loan under ECLGS?

1500 crore

2000 crore

2500 crore

3000 crore

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Explanation:

Rs 1500 crore

The Union Finance Ministry allowed airlines to avail of up to Rs 1,500 crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS). Earlier, an airline could not avail of a loan more than Rs 400 crore under the ECLGS. In 2020, the ECLGS was launched to provide collateral-free and government-guaranteed loans to businesses affected by the Covid pandemic. This new decision would help airlines tackle cash flow problems.