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For MSMEs with turnover up to ₹100Cr
ECLGS 5.0
The Government of India through the Department of Financial Services, Ministry of Finance has launched an Emergency Credit Line Guarantee Scheme (‘ECLGS’) 5.0 in May 2026. The scheme provides credit guarantee cover to lending institutions for credit facilities extended to eligible borrowers to tide over any short-term liquidity mismatches in view of the West Asia crisis.
Salient features
- Eligible borrowers: MSMEs and non MSMEs whose facilities across lending institutions are not Non-Performing Assets or Special Mention Account-2 as of 31st March 2026.
- Loan amount: Up to 20% of peak fund based working capital facility utilisation by the borrower in Q4 FY26.
- Tenor: 5 years including 1 year moratorium for MSME & Non-MSME
- Nature of facility: Working Capital Term Loan
- Maximum Loan Amount: 100Cr per borrower
- Interest rate under ECLGS 5.0: capped at 9% p.a.
- Guarantee cover provided to lending institutions: 100% of the additional loan provided to MSMEs and 90% for non-MSMEs
- External Benchmark Lending Rate for ECLGS 5.0 as on date is 9.05% w.e.f. June 03, 2026
Validity of the Scheme
- The scheme is valid from the date of issuance of guidelines for the given scheme by National Credit Guarantee Trustee Company till 31st March 2027.
- For more details, please refer to: https://www.ncgtc.in/en/product-details/ECLGS5/Emergency-Credit-Line-Guarantee-Scheme-(ECLGS)-5.0
- Please contact your Axis Bank Relationship Manager to know more. Alternatively, you may apply via the Jan Samarth portal by visiting the application page.
- Log in using your existing Jan Samarth ID and password, or create a new account to apply for the ECLGS 5.0 facility with Axis Bank.
