· Policy & Manufacturing · Source: thehindubusinessline.com

Cabinet approves guarantee for ₹2.55 lakh cr credit to MSME, non-MSME, airlines

The Union Cabinet has approved ECLGS 5.0 to facilitate ₹2.55 lakh crore in guaranteed credit support for MSMEs, non-MSMEs, and the airline sector amid global economic pressures arising from the West Asia crisis. The scheme offers 100% credit guarantee coverage for MSMEs and 90% for non-MSMEs and airlines, with ₹5,000 crore earmarked for aviation. The government has allocated ₹18,100 crore to cover potential defaults under the scheme.

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