New Delhi has approved a $2 billion credit guarantee initiative for sectors, including aviation, impacted by the ongoing conflict India has rolled out a credit guarantee initiative to support businesses affected by the Middle East conflict. The federal government announced the $2 billion capital allocation plan, the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, on Tuesday. The ECLGS facility was first introduced in May 2020 to support businesses impacted by the Covid-19 pandemic. The plan

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