Ans. The GECL is a loan for which the NCGTC (National Credit Guarantee Trustee Company) grants a full guarantee to Member Lending Institutions (MLIs). The loan is extended as an additional credit for working capital and non-fund-based facility in the case of Scheduled Banks and Financial Institutions. It is extended as an add-on term loan in the case of NBFCs. Business entities and MSMEs, individual borrowers, and borrowers interested in Pradhan Mantri Mudra Yojana can extend their loans taken for business requirements.