The amount of GECL funding to eligible borrowers would be up to 20% of their total outstanding loans up to Rs. 50 crore as on 29th February, 2020, subject to the borrower meeting all the eligibility criteria.
However, the amount of loan may be decided in consultation with the borrower as per his requirement.
As such the maximum permissible finance shall not exceed Rs. 10.00 Cr
N.B.: Total Outstanding Amount would comprise of the on-balance sheet exposure such as outstanding amount across WC loans, term loans and WCTL loans. Off- balance sheet and non-fund based exposures will be excluded.