FHRAI Petitions For Special Credit Guarantee Window For Hospitality Sector

FHRAI has submitted a representation requesting the Finance Minister, Nirmala Sitharaman to provide a ‘Special Credit Guarantee Window’ to the Hospitality sector under ECLGS. The association has asked that the Government standardizes and aligns tenures and moratorium facilities floated under ECLGS 1.0, 2.0 and 3.0. It has also sought relief in the tenure of loan and moratorium facilities granted under the ECLGS 3.0.