India cabinet approves credit guarantee plan for businesses and airlines

11 articles · Updated · Bloomberg · May 5

The scheme allocates 181 billion rupees ($1.9 billion) and was cleared on Tuesday as the war in Iran strains Indian companies and carriers.
Under the programme, the government will provide sovereign guarantees to lenders extending additional loans to eligible borrowers.
The cabinet said the measure should help firms maintain operations, protect jobs and sustain supply chains as the conflict disrupts economic activity.

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