XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.22.4

LOANS AND OTHER LIABILITIES | 9 Months Ended
--- | ---
Dec. 31, 2022
Loans And Other Liabilities Abstract |
Loans and Other Liabilities [Text Block] | NOTE 11 – LOANS AND OTHER LIABILITIES Loan as of December 31, 2022: On June 11, 2020, the Company received an Economic Injury Disaster Loan (“EIDL”) for approximately $150 thousand at an annual interest rate of 3.75%. The Company must pay principal and interest payments of $731 every month beginning June 5, 2021. For each installment payment, the U.S. Small Business Administration (“SBA”) will apply the payment first to pay interest accrued to the day SBA receives the payment then to any remaining balance to reduce principal. All remaining principal and accrued interest are due and payable 30 years from the loan date. For the nine months ended December 31, 2022, the interest expense and principal payment for the EIDL were approximately $4.1 thousand and $2 thousand, respectively. For the nine months ended December 31, 2021, the interest expense and principal payment for the EIDL were approximately $3.2 thousand and $2 thousand, respectively. As of December 31, 2022, approximately $141 thousand of the loan is classified as long-term loans and approximately $3 thousand as short-term loans. Other Liability:
|  | (in thousands) |
|  | As of |
|  | December 31, 2022 ($) |  |  | March 31, 2022 ($) |
Statutory reserve |  |  | 15 |  |  |  | 16 |
Total |  |  | 15 |  |  |  | 16 |
The statutory reserve is a gratuity reserve for employees in our subsidiaries in India.

X
- References No definition available. + Details
Name: | igc_LoansAndOtherLiabilitiesAbstract
Namespace Prefix: | igc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of loans and other liabilities. + References No definition available. + Details
Name: | igc_LoansAndOtherLiabilitiesTextBlock
Namespace Prefix: | igc_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration