In view of the current COVID-19 crisis, Government of India through Ministry of Finance, Department of Financial Services has introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage for additional working capital term loans to the existing borrowers of the Bank (i.e. Business Enterprises, MSMEs).
The Fund and the Scheme is managed and operated by National Credit Guarantee Trustee Company Ltd (NCGTC), which is a wholly-owned trustee company of Government of India.
In order to meet their operational liabilities and restart operations, Deutsche Bank AG as one of the Member Lending Institutions of NCGTC is offering Guaranteed Emergency Credit Line (GECL) to its clients. GECL is offered as per the ECLGS scheme guidelines.
Visit the ECLGS website to know more.
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SMS ECLGS to 561615 and
Contact your RM for further details