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BOB Guaranteed Emergency Credit Line Scheme (BGECLS)

BGECL 1.0:
  • The Scheme is launched in the Bank in line with ECLGS 1.0 scheme of NCGTC guidelines.
  • Under this scheme, units with total outstanding from banking system upto Rs. 50 crores, may be allowed additional working capital term loan, maximum upto 20% of fund based outstanding amount, as on 29.02.2020.
    The borrowers who are eligible for One Time Restructuring (OTR) as per RBI guidelines dated 05.05.2021 and availed loan under ECLGS 1.0 for tenor of 4 years (including moratorium of 12 months), will now be eligible to avail a tenor of 5 years for their BGECL loan i.e. repayment of interest only for the first 24 months and with repayment of principal and interest in 36 months thereafter.
    Further, additional loan Upto 10% of the FB outstanding as on 29.02.2020 shall be allowed to such borrowers in tandem with restructuring as per RBI guidelines, provided they have not availed additional assistance under BGECLS 3.0.They shall not be subsequently eligible for BGECLS 3.0 i.e. borrowers may either avail of this additional 10% or additional assistance under BGECLS 3.0 but not both.
  • Borrowers with DPD up to 60 days as on 29.02.2020, are eligible under the scheme.
  • Rate of interest: BRLLR+1% p.a. subject to maximum of 7.50% p.a.
    • Scheme is valid upto 31.03.2022. For further details kindly contact branch.

BGECL 2.0:
  • The scheme is launched in the Bank following ECLGS 2.0 Guidelines issued by NCGTC.
  • Under this scheme, maximum up to 20% of fund based outstanding amount as on 29.02.2020, are provided as additional working capital term loan. This facility is available to borrowers with outstanding above Rs. 50 crores and up to Rs. 500 crores as on 29.02.2020.
  • Borrowers with DPD up to 60 days as on 29.02.2020, are eligible under the scheme.
  • The scheme is available to 26 sectors identified by Kamath Committee and Healthcare sector which are affected by COVID-19.
  • Rate of Interest: BRLLR+1% p.a for MSME units and MCLR +1% for Non-MSME.
  • Scheme is valid upto 31.03.2023. For further details kindly contact branch.
  • Scheme is eligible for all existing borrowers of Bank as on 29.02.2020/ 31.03.2021/ 31.01.2022, depending upon the sector to which it belongs.

BGECL 3.0:
  • The scheme was launched in the Bank following ECLGS 3.0 scheme introduced by NCGTC,
  • This scheme covers business units engaged in Hospitality and related sectors and Civil Aviation sector.
  • Business Enterprises /MSMEs engaged in Other than Aviation Sector, loan facility upto 50% of total outstanding (fund based only) as on 29.02.2022 subject to maximum cap of Rs. 200 crores per borrower from banking system. However borrowers, who are eligible under BGECLS 3.0 and have already availed benefit under BGECLS 1.0 or BGECLS 2.0 shall be eligible for additional credit upto 20% of their total credit outstanding as on 29.02.2020.
  • Business Enterprises /MSMEs engaged in Aviation Sector, loan facility upto 50% of total outstanding (fund based nad non fund based) as on 29.02.2022/ 31.03.2021/ 31.01.2022 whichever is higher subject to maximum cap of Rs. 400 crores per borrower from banking system.
  • Borrowers with DPD up to 60 days as on 29.02.2020, are eligible under the scheme.
  • Scheme is valid upto 31.03.2023. For further details kindly contact branch.
  • Scheme is eligible for all existing borrowers of Bank as on 29.02.2020/ 31.03.2021/ 31.01.2022, depending upon the sector to which it belongs.

BGECL 4.0
  • The scheme was introduced in Bank following ECLGS 4.0 Guidelines issued by NCGTC.
  • All existing hospitals / nursing homes / clinics and units engaged in manufacturing of liquid oxygen, oxygen cylinders etc. are covered under this scheme.
  • Borrowers with DPD upto 90 days as on 31.03.2021 are eligible under the scheme.
  • Maximum loan amount: Rs. 2 crores.
  • The Rate of interest is capped at 7.50% p.a ( ROI linked to BRLLR / MCLR of Bank)
  • Scheme is valid upto 31.03.2022. For further details kindly contact branch.

BGECL Extension (BGECLS 1.0, 2.0 and 3.0)
  • The Scheme was extended in Bank following Guidelines issued by NCGTC
  • Existing borrowers under respective BGECLS 1.0/2.0 or new borrowers eligible based on revised reference date of March 31, 2021 and meeting the other terms of these guidelines are eligible.
  • BGECLS 3.0 (Extension) - Existing borrowers under respective BGECLS 3.0 or new borrowers eligible based on revised reference date of March 31, 2021 or January 31, 2022 and meeting the other terms of these guidelines are eligible.
  • Eligible Amount of credit facility

    BGECLS 1.0 (extension): WCTL up to 30% (enhanced from the present 20%)

    BGECLS 2.0 (extension): WCTL or NFB facility or mix of the two up to 30 % (enhanced from the present 20%)

    BGECLS 3.0 (extension): Business Enterprises /MSMEs engaged in Other than Aviation Sector, loan facility upto 50% of total outstanding (fund based only) as on 29.02.2022/ 31.03.2021/ 31.01.2022 whichever is higher subject to maximum cap of Rs. 200 crores per borrower from banking system.

    Business Enterprises /MSMEs engaged in Aviation Sector, loan facility upto 50% of total outstanding (fund based nad non fund based) as on 29.02.2022/ 31.03.2021/ 31.01.2022 whichever is higher subject to maximum cap of Rs. 400 crores per borrower from banking system.

  • DPD: Acceptable upto 60 days in any of the facilities as on reference date 31.03.2021.
    BGECLS 2.0 and 3.0 (Extension) - Acceptable upto 60 days in any of the facilities as on reference date 31.03.2021/31.01.2022.
  • Rate of interest: BRLLR (for MSMEs) / MCLR (for non-MSMEs) +1%, subject to a maximum of 9.25% per annum.
  • Repayment Schedule:

    BGECLS 1.0 (extension): 36 monthly instalments

    BGECLS 2.0 (Extensions) and BGECLS 3.0 (Extension): 48 monthly instalments

  • Scheme is eligible for all existing borrowers of Bank as on 29.02.2020/ 31.03.2021/ 31.01.2022, depending upon the sector to which it belongs.
  • Scheme is valid upto 31.03.2023. For further details kindly contact branch.
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  • Baroda Covi HealthCare Scheme
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