Indian Union Cabinet Unveils ECLGS 5.0 to Bolster Economic Recovery
The Indian Union Cabinet has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide vital support to sectors negatively affected by global disruptions. With a budget of **₹18,100 crore**, the scheme is poised to generate **₹2.55 lakh crore** in loans, helping businesses sustain operations through March 2027.