"Dear Respected Borrower,
Greetings from the management team at Oxyzo Financial Services Pvt. Ltd. (Oxyzo)
First and foremost, thanks for your business with Oxyzo. We value the relationship beyond all hurdles that may come our way.
Secondly, these are unprecedented times amidst the toxic and contagious pandemic being caused by the spread of the COVID-19 virus. We hope this note finds you hale, hearty, safe and in good cheer. Please find below Link regarding Emergency Credit Line Guarantee Scheme (ELGS).
The Scheme is a specific response to the unprecedented situation COVID-19. It seeks to provide much needed relief to the MSME sector by incentivizing MLIs to provide additional credit of up to Rs. 3 lakh crore at low cost, thereby enabling MSMEs to meet their operational liabilities and restart their businesses.
Credit Power Relaxation Norms:
The Credit Committee/ Team of the Company shall evaluate the request received from the eligible borrower. In case the credit team of Oxyzo deems fit, it can grant additional facility under scheme as per Oxyzo’s proposed commercial and terms to any applying borrower that it wishes to give. In no condition or manner whatsoever can any borrower (or any other party whatsoever) challenge this power."