Cabinet Clears Emergency Credit Line Guarantee Scheme 5.0, Earmarks Rs 5,000 Crore Support For Airlines Amid West Asia Crisis
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide targeted financial assistance to Indian airlines grappling with mounting operational and liquidity pressures arising from the ongoing West Asia crisis. The move comes amid a steep rise in Aviation Turbine Fuel (ATF) prices, airspace […]