With a view to safeguard the SHGs due to unexpected business disruptions in the wake of COVID-19 pandemic and also to ensure continuity of their business plans/initiatives , Bank has introduced a new loan product named "COVID-19: SHG Scheme".

This product is applicable to all the existing Self Help Groups (SHGs) borrower of the Bank with satisfactory track record (should be in standard / SMA-0 category as on 01.03.2020) and who have availed minimum two doses of credit.

Govt. of India through National Credit Guarantee Trust Company Ltd. has introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage for additional working capital term loans up to 20% of the entire outstanding credit up to ₹ 25.00 crore as on February 29, 2020 i.e loan amount of ₹ 5.00 crore.

Accordingly, Bank has introduced a new scheme i.e "Guaranteed Emergency Credit Line (GECL)" for providing relief to affected units to meet their operational liabilities and restart their business.

For more details, please contact your nearest AGVB Branch.