Current Affairs · Government Credit Schemes & Policy
With reference to the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, consider the following statements: I. It is intended to provide government-backed collateral-free additional credit support to eligible businesses facing liquidity stress arising from global geopolitical crises. II. The scheme is sponsored by the Department of Financial Services, Ministry of Finance, and the National Credit Guarantee Trustee Company Limited (NCGTC) acts as the nodal agency for guarantee coverage. III. Under the scheme, all eligible borrowers, including MSMEs, non-MSMEs and scheduled passenger airlines, receive 100 per cent guarantee coverage. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and II only✓
- 2II and III only
- 3I and III only
- 4I, II and III
Correct answer
I and II only
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