This is to inform that by clicking on the link, you will be leaving our www.sc.com/inand entering a website operated by other parties:

Such links are only provided on our website for your convenience and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting our www.sc.com/in


Emergency Credit Line Guarantee Scheme (ECLGS)

Facility Type: Additional Working Capital Term Loan (WCTL)

Scheme: The Scheme shall be named as ‘Emergency Credit Line Guarantee Scheme (ECLGS)’. It shall have the following components, ECLGS 1.0 , ECLGS 1.0(Extension), ECLGS 2.0, ECLGS2.0(Extension) ECLGS 3.0,ECLGS 3.0 (Extension) and ECLGS 4.0 (hereinafter together referred as the ‘Scheme’).

Validity: Scheme is available up to March 31, 2022 or on reaching the threshold stipulated by the Government of India under Emergency Credit Line Guarantee Scheme (ECLGS).

Purpose: To provide credit at low cost to MSME’s to aid them in meeting their operational liabilities & restart their business.

Loan Amount: Credit under the scheme would be up to 30% (40% in certain specified sector as prescribed by NCGTC) of the borrower’s total outstanding, excluding off balance sheet and non-fund based exposures, as on 29th February 2020 or 31st March 2021 whichever is higher subject to limits as specified in the scheme.


Type of facility Total repayment period including moratorium Moratorium period on principal repayment
GECL 1.0 (without restructuring) 4 years 1 year
GECL 1.0 (Extension) 5 years 2 years
GECL 2.0 5 years 1 year
GECL 2.0 (Extension) 6 years 2 years
GECL 3.0 & 3.0 (Extension) 6 years 2 years


Key highlights:

  • Loans sanctioned under GECL extension would be up to 30% (40% in specified sector) of the borrower’s total outstanding credit as on Feb 29, 2020 or Mar 31 2021 whichever is higher
  • Loans provided to Business Enterprises/MSMEs shall be eligible under the Scheme. Borrower accounts which had NPA or SMA-2 status as on Feb 29, 2020 or March 31 2021, shall not be eligible
  • Business Enterprises/MSME borrower must be Goods and Services Tax (GST) registered in all cases where such registration is mandatory.
  • This condition will not apply to Business Enterprises/MSMEs that are not required to obtain GST registration.
  • No additional collateral requirement
  • Nil guarantee fees, processing fees or foreclosure charges
    For detailed guidelines and FAQs on ECLGS, visit https://www.ncgtc.in/en/eclgs

How do I apply for the ECLGS Working Capital term loan with Standard Chartered Bank?

You shall receive an SMS or call from your RM  on your registered mobile number. On receipt of the SMS you may apply for the ECLGS Working Capital term loan by sending an SMS “ECLGS” space <> to 57575. Please note the loan is subject to completion of documentation prescribed by Standard Chartered Bank.

If a have more than one Loan with Standard Chartered Bank will I be offered single loan as an additional ECLGS Working Capital term loan?

Yes, if you have more than one loan facility with Standard Chartered Bank in terms of LAP (Loan against Property), BIL (Business Instalment Loan), BWC (Business Working Capital) you will be offered a single loan which would be 30% (40% in certain specified sector as prescribed by NCGTC)of the outstanding balances as of 29th Feb 2020 or 31st March 2021 whichever is higher.

Will the ECLGS Working Capital term loan be a top-up over and above my existing loan?

The ECLGS Working Capital term loan shall be an additionality loan over and above the existing loan(s)

Do I have to pay any fees to avail the ECLGS Working capital term loan?

There will be no Guarantee Fee, Processing Fee and Foreclosures charges applicable on the ECLGS working capital term loan.

What is be the tenor of the ECLGS Working Capital Term Loan?

It would depend on which GECL scheme it is availed & tenor would be dependent on it as mentioned above

If I have an existing LAP & Working capital limits with Standard Chartered Bank, will a 2nd charge be created on the existing collateral(s) / asset(s) provided?

Yes. A second charge will be created in terms of cash flows (including repayments) and securities, with the charge on the assets financed under the scheme to be created within a period of 3 months from the date of disbursal or till June 30, 2022 or prior to the account being classified as NPA whichever is earlier.

Disclaimer: The additional loans that are proposed to be provided by Standard Chartered Bank are governed by the Operational Guidelines on the Emergency Credit Line Guarantee Scheme (“Scheme”) issued by National Credit Guarantee Trustee Company (“NCGTC”) and is subject to change from time to time. The terms and conditions of the loan may be modified, varied or supplemented by the Bank from time to time in view of any changes to the Scheme by NCGTC and the Bank shall not be held liable for the same.