Govt Plans ₹2.5 Lakh Crore Relief Amid West Asia Crisis
The Indian government plans a ₹2.5 lakh crore credit scheme to help businesses hit by the West Asia crisis. Based on the COVID-era ECLGS, it offers a 90% guarantee on loans for sectors like aviation and MSMEs. The goal is to ease liquidity pressure caused by regional disruptions, providing four years of support without needing extra collateral.