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Cabinet approves Rs 2.55 lakh cr credit cover scheme to mitigate West Asia war impact on firms

Posted on May 5, 2026
By Financial Express
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1 min read

Cabinet approves Rs 2.55 lakh cr credit cover scheme to mitigate West Asia war impact on firms

The government has approved ECLGS 5.0 to enable Rs 2.55 lakh crore in additional credit for MSMEs, businesses and airlines, offering 100% guarantee cover for MSMEs and easing liquidity amid West Asia-linked disruptions.