Middle East conflict: Govt launches Rs 18,100 crore credit guarantee scheme; MSMEs, airlines to get Rs 2.

An Emergency Credit Line Guarantee Scheme (ECLGS 5.0) has been launched to support MSMEs and airlines impacted by the West Asia conflict, with an outlay of Rs 18,100 crore. The scheme aims to provide additional credit flow and specifically earmarks Rs 5,000 crore for the aviation sector. This initiative is intended to help businesses manage disruptions and maintain operations.