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Monthly Archives: April 2021

April, 2021 - - Part 32_3.1

Govt further extends Emergency Credit Line Guarantee Scheme to June 30, 2021

The Central Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS 3.0) by another three months till June 30, 2021, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme. Additionally, the government has also introduced certain modifications in the ECLGS scheme to further contribute towards economic …

April, 2021 - - Part 32_4.1

Government announces Rs 14,500 crore capital infusion in 4 PSBs

The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21, by issuing non-interest bearing bonds to these banks. This infusion will complete the government’s total capital infusion of Rs 20,000 crore in public sector banks …