Introduction
The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. This decision is important for businesses that need financial support during difficult economic conditions.
The ECLGS is a government-backed credit guarantee programme. It was first launched in 2020 during the COVID-19 pandemic. The scheme was designed to help stressed businesses by providing additional loans with government guarantees.
Month: Current Affairs - May 06, 2026
Category: Economy | Banking