The Centre has cleared an emergency credit line of Rs 5,000 crore for airlines as ATF prices surge amid the Middle East crisis. The move targets financial stress caused by higher fuel costs and related operational pressures, providing temporary relief while airlines manage the impact of volatile energy pricing and airspace changes.
The Union Cabinet has cleared Emergency Credit Line Guarantee Scheme 5.0 to help businesses hit by liquidity stress during the West Asia crisis. The plan provides credit guarantee coverage for both MSMEs and non-MSMEs, with direct support for the airline sector. The government says the move will help maintain operations, protect jobs, and keep domestic production running despite global disruptions.
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.
