May 5, 2026 9:55 PM
Cabinet Approves ECLGS 5.0 to Support Businesses Amid West Asia Crisis
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the fifth version of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) to provide additional financial support to businesses facing liquidity pressures due to the ongoing West Asia situation. The scheme will enable banks and financial institutions to extend additional credit to eligible borrowers with government-backed guarantees through the National Credit Guarantee Trustee Company Limited. It aims to facilita...