IATO seeks PM’s intervention to remove anomalies in operational guidelines of ECLGS

ECLGS was launched by the Government of India as a special scheme in view of COVID-19 crisis.

The Indian Association of Tour Operators (IATO) on Wednesday said it has written to Prime Minister Narendra Modi seeking his intervention for removing anomalies caused by conditions imposed by NCGTC in the implementation of the Emergency Credit Line Guarantee Scheme (ECLGS). According to the conditions issued by NCGTC, the account availing ECLGS was not to be non-performing asset (NPA) or days past due (DPD) for over 90 days as on the date of sanction or disbursement of the facility, IATO said in a statement. “Consequent to that, it nullifies any benefit that may have accrued to tour operators....the condition as stipulated in NCGTC makes mockery of any benefit that may have accrued to the tour operators,” IATO President Rajiv Mehra said.