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Sign in to searchEmergency Credit Line Guarantee Scheme (ECLGS) 5.0
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to support businesses affected by the ongoing West Asia crisis and related global economic disruptions. The scheme aims to provide liquidity support mainly to Micro, Small and Medium Enterprises (MSMEs) and the aviation sector.
Originally launched during the COVID-19 pandemic in 2020, ECLGS was designed to prevent business closures, protect employment, and maintain credit flow by offering government-backed guarantees on loans provided by banks and financial institutions. Over time, the scheme evolved through multiple phases to address sector-specific stress and economic uncertainties.
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ECLGS 5.0 approved by Union Cabinet to support MSMEs and airlines with ₹2.55 lakh crore liquidity amid West Asia crisis and global economic disruptions.
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