IATO appeals to PM to ease conditions for availing emergency credit

The Indian Association of Tour Operators (IATO) which represents more than 1,600 operators for inbound tourists, has written to PM Modi asking for an intervention for amendment to conditions imposed by National Credit Guarantee Trustee (NCGTC) in implementation of Emergency Credit Line Guarantee Scheme (ECLGS) which has been extended to travel and hospitality sectors. It provides operators access to easy emergency credit with the govt standing as guarantor.