Ruchi Uberai

Director, Amritara Hotels and Resorts

The much-touted ECLGS, according to me is a non-starter for small or medium players. This is a loan scheme for enabling you to borrow more money, which eventually has to be paid back. If the industry has to pay back loans that are more than business cash flow can afford then in times to come, we will be even more stressed. If the scheme was to have a 15 year or more payback period we could have still considered it, but in its current form this proposed extension of ECLGS is not worth considering as a benefit for the industry.