• Download mobile app
10 Aug 2022, Edition - 2584, Wednesday

Trending Now

  • Covid 19: India reports 16,167 new cases and 41 deaths in last 24 hours
  • SP leader’s car hit by truck, dragged for 500 metres in UP’s
  • Breaking glass ceiling, CSIR gets first woman director general in N Kalaiselvi

Coimbatore

Textile body thanks FM for increasing ceiling to avail loan under ECLGS

Covai Post Network

Share

Coimbatore : Indian Texpreneurs Federation (ITF), a major textile industry body on Sunday thanked the finance ministry for increasing
the annual turnover ceiling of companies that could avail loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to Rs.250 crore from the present Rs.100 crore with outstanding loans up to ₹50 crore.

With this calibrated intervention, many of medium sized units in textile sector will get much needed liquidity support,+ ITF convenor, Prabhu Dhamodharan said in a statement here.

Being a capital intensive industry, many of the spinning sector companies will be covered under the ECLGS scheme, he said.

ITF had appealed for this much needed change in the scheme last month, Prabhu added

Subscribe To Our Newsletter

COIMBATORE WEATHER