Aviation sector to be eligible under ECLGS 3.0

To provide liquidity relief to the civil aviation sector, government has announced extension of Emergency Credit Line Guarantee Scheme (ECLGS) to the civil aviation sector. Industry players opine that this move of the government will ease the pressure off the industry and will provide liquidity.
The pandemic hit sector has been looking for support from the government. Recently, the ministry of civil aviation permitted reduction of capacity to 50% for the domestic airlines from June 1. The second wave has impacted the demand as lockdown and strict restrictions prevail in some states.