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Cabinet clears ECLGS 5.0 credit cover for airlines and MSMEs amid Gulf war pressure
Economy
Published on 6 May 2026
Airlines get fresh support as credit guarantee expands
The Cabinet has approved ECLGS 5.0, an Emergency Credit Line Guarantee Scheme aimed at shielding airlines and MSMEs from mounting economic strain amid Gulf war-related uncertainty. The package is set to unlock significant additional credit. In parallel, the government has also cleared plans for two semiconductor units, railway infrastructure, and a ship repair facility to spur industrial capacity and jobs.
- Cabinet approves ECLGS 5.0 to support airlines and MSMEs
- Scheme is designed to unlock additional emergency credit
- Two semiconductor manufacturing units are cleared for development
- Railway and ship repair approvals target jobs and capacity
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times