Current Affairs · Financial Credit Schemes
Consider the following statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 approved by the Union Cabinet: I. It aims to provide credit guarantee coverage of 100% for MSMEs and 90% for non-MSMEs as well as the airline sector. II. It targets a total additional credit flow of ₹2,55,000 crore, which includes ₹5,000 crore for airlines. III. The tenor of the loan for MSMEs and non-MSMEs is 7 years from the date of the first disbursement, including a moratorium of 2 years. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All I, II, and III
- 2Only I and III
- 3Only II and III
- 4Only I and II✓
Correct answer
Only I and II
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