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Dear Friends,

The Emergency Credit Line ( Collateral Free Working Capital Term Loan) processing is started with Banks from this week. ( All govt.banks have started, Pvt Sector is expected to start in next week approx)


  1. Existing msme customers having outstanding loans as on 29.2.2020 with Combined all banks/NBFC exposure below Rs.25 Crore.
  2. Holding of Udyog Aadhar MSME registration is mandatory.


  1. Collateral free with credit guarantee by NCGTC
  2. Extension of charge on entire present and future current asset of company/firm
  3. Additional WCTL granted under this scheme shall rank paripassu with existing credit facilities and securities.
  4. Fresh charge on assets to be created within 3 months

Govt. guarantee fees and bank document charges : NIL

Max. Amount Eligible :
Upto Maximum of 20% of utilised limit for Working Capital, Term Loans, Business Loans. Pls.note 20% is the upper cap, bank is free to decide lower amount as per financials/eligibility/cash flows and other credit appraisal aspects.

Process to apply as follows:

  1. Every Bank has rolled out their application form for ECG Limit.
  2. Application with following documents to be submitted to the banker for evaluation:
    a. Latest CA Certified Stock statements
    b GST Returns filed till last month
    c Cash flow statement of estimated expenses
    d CMA data with financial projection for 5 years
    e Declaration for Turnover for FY 2019-20 certified ( if audited financials are not ready) or Audited Financial statement 19-20
    f. MSME Udyog Aadhar Certificate
    g. KYC of borrower
    h. Sanction letter of all ongoing loans with other banks

Last date – Earliest of 31.10.2020 or Rs.3 lakh crore limit exhaused ( advisable to apply at the earliest).

For any queries/assistance, kindly connect with us at 98200 88394

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