July 7, 2026 2:19 PM
ECLGS 5.0 surpasses 4.11 lakh guarantees with Rs 1.55 lakh crore amount: Govt
The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 4,11,497 guarantees since its launch, with the guaranteed amount reaching Rs 1,55,229 crore - a sign of the scheme's rapid absorption across the lending ecosystem, the government said on Tuesday. The scheme, approved by Union Cabinet on May 5, 2026, is delivering fast, large-scale liquidity support to businesses affected by the West Asia geopolitical situation. The scheme is designed to provide risk mitigation for lending instit...