India Cabinet backs ECLGS 5.0 with Rs 5,000 crore aviation allocation and up to Rs 1,000 crore guaranteed credit per borrower
India’s Cabinet approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to help airlines address short-term liquidity stress from global disruptions. The program earmarks Rs 5,000 crore for the aviation sector, with maximum loan support of Rs 1,000 crore per borrower and an additional Rs 500 crore tied to equivalent equity infusion.