Consider the following statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS): Statement I: The Union Cabinet approved expanded allocations and extensions under the Emergency Credit Line Guarantee Scheme (ECLGS) to support businesses during economic disruptions. Statement II: The ECLGS framework extends additional credit guarantees to both MSMEs and non-MSMEs, including aviation and hospitality sector companies affected by crises. Which one of the following is correct in respect of the above statements?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement I is incorrect, but Statement II is correct.

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Answer 1

Statement I is incorrect, but Statement II is correct.

Answer 2

Statement I is correct, but Statement II is incorrect.

Answer 3

Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.

Answer 4

Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.

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