Cabinet approves guarantee for ₹2.55 lakh cr credit to MSME, non-MSME, airlines
Stressed by the West Asia crisis, the Union Cabinet on Tuesday approved the 5th edition to emergency credit line guarantee scheme (ECLGS) to support credit flow of ₹2.55 lakh crore with up to 100 per cent government guarantee for MSME, non-MSME sectors and airlines. It will have ₹5,000 crore separately for airlines. "It (ECLGS 5.0) reflects our commitment to supporting…
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