The government has announced an additional ₹2.55 lakh crore credit support under ECLGS 5.0, targeting small businesses and airlines. The measure is intended to cushion the economy from the shockwaves of turmoil in West Asia by ensuring credit reaches eligible borrowers quickly, helping firms keep operations running and funding flowing during uncertainty.
The Cabinet has approved ECLGS 5.0, an Emergency Credit Line Guarantee Scheme aimed at shielding airlines and MSMEs from mounting economic strain amid Gulf war-related uncertainty. The package is set to unlock significant additional credit. In parallel, the government has also cleared plans for two semiconductor units, railway infrastructure, and a ship repair facility to spur industrial capacity and jobs.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
