The amount marks the first tranche of a proposed Rs 500 crore funding package being processed for the airline under the government-backed credit guarantee scheme. The remaining Rs 350 crore is expected to be disbursed in phases, sources said.
SpiceJet has successfully received the first tranche of Rs 150 crore as part of the Emergency Credit Line Guarantee Scheme (ECLGS) funding. This amount was disbursed by the Bank of India and is part of a larger proposed Rs 500 crore package for the airline. The remaining Rs 350…
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