Tomorrow BN 🚀🚀🚀
Cabinet approves Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 🇮🇳
Here’s what it means 👇
✅Govt will provide credit guarantee via National Credit Guarantee Trustee Company Limited
✅Banks/NBFCs can extend additional loans to businesses without fear of default risk
💰 Total targeted credit flow: ₹2,55,000 Cr
✈️ Includes ₹5,000 Cr specifically for airlines
📌 Objective:
Support businesses amid West Asia geopolitical tensions & liquidity stress
💡 Impact:
🔥Easier access to working capital
🔥Boost to MSMEs & stressed sectors
🔥Helps maintain economic momentum
1May 5, 2026 199
