Emergency credit line guarantee scheme: Aviation firms get Rs 349 cr
AVIATION & AIRPORTS

Emergency credit line guarantee scheme: Aviation firms get Rs 349 cr

VK Singh, the Minister of Civil Aviation, announced in the Rajya Sabha that the Emergency Credit Line Guarantee Scheme (ECLGS) has provided guaranteed support to companies in the aviation sector, including airlines such as SpiceJet and GoAir, to the tune of Rs 349 crore.

While no funds have been specifically allocated to the civil aviation sector, according to information from the National Credit Guarantee Trustee Company (NCGTC), borrowers from the sector have been provided with guaranteed support of up to Rs 349 crore as of July 16, cited Singh.

SpiceJet has received loans worth Rs 127.52 crore, as per data presented by Singh, while Bird Worldwide Flight Services Mumbai Private Limited, a Bird Group subsidiary that provides ground handling services at Mumbai airport, was guaranteed a sum of Rs 8.5 crore under ECLGS 3.0.

ECLGS 3.0 has guaranteed a total of Rs 136 crore in funding. These ECLGS 2.0 companies have received a net amount of Rs 213 crore in guarantees:


ECLGS 2.0 Company


Amount

Aerostructures Manufacturing India Private Ltd

(Rs 45.19 crore)

Air Works India Engineering Pvt Ltd

Rs 11.07 crore)

Alpha Design Technologies Pvt Ltd

Rs 2.50 crore

Bengal Aerotropolis Project Ltd

Rs 16.36 crore

CAE Simulation Training Pvt Ltd

Rs 18.40 crore

Flight Simulation Technique Centre Pvt Ltd

Rs 44.14 crore

Go Airlines Ltd

Rs 25.65 crore

Rossell India Ltd

Rs 18.31 crore

Suad Forging India Pvt Ltd 

Rs 3.5 crore 

VEM Technologies Pvt Ltd

Rs 1.93 crore

WAISL Ltd

Rs 26 crore 

The ECLGS was launched by the Ministry of Finance in May 2020 to assist the pandemic-affected economy.

According to a Crisil report released in June, the ECLGS' expansion to sectors such as civil aviation, hotels, and tour operators, which have been hard hit by the second wave of the covid-19 pandemic, will provide a lifeline for highly leveraged companies.

Image Source

VK Singh, the Minister of Civil Aviation, announced in the Rajya Sabha that the Emergency Credit Line Guarantee Scheme (ECLGS) has provided guaranteed support to companies in the aviation sector, including airlines such as SpiceJet and GoAir, to the tune of Rs 349 crore. While no funds have been specifically allocated to the civil aviation sector, according to information from the National Credit Guarantee Trustee Company (NCGTC), borrowers from the sector have been provided with guaranteed support of up to Rs 349 crore as of July 16, cited Singh. SpiceJet has received loans worth Rs 127.52 crore, as per data presented by Singh, while Bird Worldwide Flight Services Mumbai Private Limited, a Bird Group subsidiary that provides ground handling services at Mumbai airport, was guaranteed a sum of Rs 8.5 crore under ECLGS 3.0. ECLGS 3.0 has guaranteed a total of Rs 136 crore in funding. These ECLGS 2.0 companies have received a net amount of Rs 213 crore in guarantees:ECLGS 2.0 CompanyAmountAerostructures Manufacturing India Private Ltd(Rs 45.19 crore)Air Works India Engineering Pvt LtdRs 11.07 crore)Alpha Design Technologies Pvt LtdRs 2.50 croreBengal Aerotropolis Project LtdRs 16.36 croreCAE Simulation Training Pvt LtdRs 18.40 croreFlight Simulation Technique Centre Pvt LtdRs 44.14 croreGo Airlines LtdRs 25.65 croreRossell India LtdRs 18.31 croreSuad Forging India Pvt Ltd Rs 3.5 crore VEM Technologies Pvt LtdRs 1.93 croreWAISL LtdRs 26 crore  The ECLGS was launched by the Ministry of Finance in May 2020 to assist the pandemic-affected economy. According to a Crisil report released in June, the ECLGS' expansion to sectors such as civil aviation, hotels, and tour operators, which have been hard hit by the second wave of the covid-19 pandemic, will provide a lifeline for highly leveraged companies. Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?