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Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is implemented by which institution?
Reserve Bank of India
National Credit Guarantee Trustee Company
Small Industries Development Bank of India
National Bank for Agriculture and Rural Development
National Credit Guarantee Trustee Company
Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is implemented by the National Credit Guarantee Trustee Company (NCGTC).
The Union Cabinet approved ECLGS 5.0 on May 5, 2026, to provide critical credit support and liquidity to businesses impacted by external economic and geopolitical disruptions, including the West Asia conflict. The scheme operates through India's existing banking and financial infrastructure by providing government-backed credit guarantees rather than direct loans. Designed with a target credit flow of тВ╣2.55 lakh crore, the facility assists Micro, Small, and Medium Enterprises (MSMEs), non-MSMEs, and scheduled passenger airlines in meeting short-term liquidity mismatches and sustaining operational resilience.
The National Credit Guarantee Trustee Company Limited (NCGTC) was established in March 2014 by the Department of Financial Services, Ministry of Finance, Government of India. Incorporated under the Companies Act, 1956, NCGTC acts as a common trustee company to manage and operate multiple credit guarantee trust funds in India.
Approval Date: Cabinet approved ECLGS 5.0 on May 5, 2026.
Implementing Agency: National Credit Guarantee Trustee Company Limited (NCGTC).
Target Sanction Cap: Extended credit coverage up to тВ╣2.55 lakh crore.
Guarantee Ratio: 100% guarantee coverage for MSMEs and 90% for non-MSMEs and airline borrowers.
B is correct тАФ Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is implemented by the National Credit Guarantee Trustee Company (NCGTC).
Remember: Whenever an exam asks about the trustee or implementing agency behind major central credit guarantee schemes like ECLGS or CGSD, look for 'NCGTC' (under Ministry of Finance), whereas SIDBI typically handles direct refinancing.