Emergency Credit Line Guarantee Scheme Context: The Union Cabinet has approved the 5th edition of the Emergency Credit Line Guarantee Scheme (ECLGS) to mitigate economic impacts of the West Asia crisis. The scheme provides additional credit guarantees to MSMEs and non-MSMEs, including sectors like aviation. The objective is to help businesses overcome liquidity stress, sustain operations, and prevent economic slowdown due to external shocks. The scheme reflects the government’s focus on financial stability, credit support, and economic resilience during global crises. About Emergency Credit Line Guarantee Scheme The Emergency Credit Line Guarantee Scheme (ECLGS) was launched during the COVID-19 pandemic to provide liquidity support to businesses, especially MSMEs affected by lockdowns. It offers 100% credit guarantee by the government to banks and NBFCs for loans extended to eligible borrowers. The scheme covers existing loan outstanding as on February 29, 2020, enabling additional working capital and term loans. It aims to reduce credit risk for lenders and ensure easy access to finance for stressed businesses. The objective is to support business continuity, protect jobs, and stabilise the economy during crisis situations. Mission for Cotton Productivity Context : The Union Cabinet approved the Mission for Cotton Productivity for the period 2026–27 to 2030–31 to address low productivity, quality issues, and stagnation in the cotton sector. It is aligned with the government’s 5F vision (Farm to Fibre to Factory to Fashion to Foreign) to strengthen the textile value chain. The mission focuses on developing high-yielding, climate-resilient, and pest-resistant seed varieties to improve productivity. It promotes modern cultivation practices such as High Density Planting System and Integrated Cotton Management. It emphasises Extra Long Staple cotton to enhance quality and boost exports. It aims to strengthen ginning, processing, and testing infrastructure to meet global quality standards. It will be implemented by the Ministry of…
