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Canara Bank to MSMEs, Get GECL Loans in 5 Days

by Askbanking June 2, 2020 Canara Bank, MSME LoanLeave a comment

Canara Bank to MSMEs, Get GECL Loans in 5 Days – Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed Emergency Credit Line (GECL) in 5 days. Bank has issued a circular in this regard […]

Loan FAQ

How Will Rs 3 Lakh Crore Emergency Credit Line (GECL) Work ?

by Askbanking May 26, 2020 Loan FAQLeave a comment

The Rs 3-lakh-crore Guaranteed Emergency Credit Line (GECL) was announced as the relief package for the MSMEs (Micro, Small and Medium Enterprises) as well as other business entities. GECL is said to be cheaper and easy working capital. For the scheme, the government has provided a corpus of Rs 41,600 crore, which will be spread […]