Banking and RBI
Cabinet approves Emergency Credit Line Guarantee Scheme 5.0 targeting Rs 2,55,000 crore credit flow
5 May 2026 | Press Information Bureau
The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 on 5 May 2026, PIB said. NCGTC will provide credit guarantee cover to member lending institutions for additional credit to eligible borrowers facing short-term liquidity mismatches in view of the West Asia situation. The scheme targets additional credit flow of Rs 2,55,000 crore, including Rs 5,000 crore for airlines.
Guarantee cover is 100 per cent for MSMEs and 90 per cent for non-MSMEs and the airline sector, with nil guarantee fee. Additional credit is up to 20 per cent of peak working capital used in Q4 FY26, capped at Rs 100 crore; for airlines up to 100 per cent, capped at Rs 1,500 crore per borrower. Loans run 5 years including a 1-year moratorium (7 years with 2 years for airlines). The scheme applies to loans sanctioned up to 31 March 2027.
Key facts- Scheme: Emergency Credit Line Guarantee Scheme (ECLGS) 5.0
- Guarantee provider: NCGTC; cover 100% for MSMEs, 90% for others; fee nil
- Target additional credit: Rs 2,55,000 crore (airlines Rs 5,000 crore)
- Valid for loans sanctioned up to 31 March 2027
Exam takeaway: NCGTC is the National Credit Guarantee Trustee Company Limited, which runs credit guarantee schemes for lenders.
Quick revision: ECLGS 5.0 approved: Rs 2.55 lakh crore target; 100% cover MSMEs, 90% others; fee nil (PIB, 5 May 2026).
Press Information Bureau original sourceGovernment Schemes
Cabinet approves Mission for Cotton Productivity with Rs 5,659.22 crore outlay
5 May 2026 | Press Information Bureau
The Cabinet approved Rs 5,659.22 crore for the Mission for Cotton Productivity for 2026-27 to 2030-31, PIB said on 5 May 2026. The mission aligns with the 5F vision (Farm to Fibre to Factory to Fashion to Foreign) and will be implemented by the Ministries of Agriculture and Farmers Welfare and of Textiles.
It aims for 498 lakh bales of cotton by raising lint productivity from 440 kg/ha to 755 kg/ha by 2031, benefitting about 32 lakh farmers. It focuses on high-yielding, pest-resistant seeds, 140 districts in 14 States, 2,000 ginning and processing factories and traceability under Kasturi Cotton Bharat, targeting trash below 2 per cent.
Key facts- Outlay: Rs 5,659.22 crore for 2026-27 to 2030-31
- Target: 498 lakh bales; lint productivity 440 to 755 kg/ha by 2031
- Coverage: 140 districts in 14 States; 2,000 ginning/processing factories
- Branding: Kasturi Cotton Bharat; about 32 lakh farmers to benefit
Exam takeaway: The 5F vision links the full textile value chain from farm to foreign markets.
Quick revision: Mission for Cotton Productivity: Rs 5,659.22 crore, 498 lakh bales target by 2031 (PIB, 5 May 2026).
Press Information Bureau original sourceReports, Indices, Science and Technology
Cabinet approves two more semiconductor projects in Gujarat worth about Rs 3,936 crore
5 May 2026 | Press Information Bureau
The Union Cabinet approved two more semiconductor projects under the India Semiconductor Mission (ISM) on 5 May 2026, PIB said, with cumulative investment of about Rs 3,936 crore and expected employment for 2,230 skilled professionals. Both are in Gujarat.
Crystal Matrix Limited will set up an integrated compound semiconductor fabrication and ATMP facility at Dholera for Mini/Micro-LED display modules, described as the country's first commercial GaN-based facility of its kind. Suchi Semicon Private Limited will set up an OSAT facility at Surat for discrete semiconductors with capacity of 1,033.20 million chips a year. Approved projects under ISM now total 12, with cumulative investment of around Rs 1.64 lakh crore.
Key facts- Projects: Crystal Matrix (Dholera) and Suchi Semicon (Surat), Gujarat
- Investment: about Rs 3,936 crore; jobs: 2,230 skilled professionals
- Crystal Matrix: Mini/Micro-LED display modules, GaN technology
- Total ISM-approved projects: 12 (about Rs 1.64 lakh crore)
Exam takeaway: OSAT stands for Outsourced Semiconductor Assembly and Test; ATMP is assembly, testing, marking and packaging.
Quick revision: Cabinet: 2 more ISM projects in Gujarat (Rs 3,936 crore); total approved projects 12 (PIB, 5 May 2026).
Press Information Bureau original source