The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the fifth edition of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0), with an outlay of ₹18,100 crore, to support micro, small and medium enterprises (MSMEs), airlines and other businesses in meeting working capital needs as costs rise amid the ongoing West Asia crisis.
First launched in May 2020 amid the Covid pandemic, the scheme’s latest version is expected to unlock additional credit flow of ₹2.55 trillion, including a ₹5,000 crore carve-out for the aviation sector.
Modi said the approval to ECLGS 5.0 by the Cabinet underscored the government’s intent to shield businesses, especially MSMEs, from global turbulence. “Our focus remains on empowering enterprises, sustaining growth momentum and safeguarding livelihoods,” he said in a post on X.
The scheme is designed to help firms sustain operations, protect jobs and stabilise supply chains.
05/05/2026 Business Standard
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