The scheme aims to shield Indian industries from liquidity stress caused by the West Asia conflict. (Image source: Pixabay) With an aim to meet the additional credit needs of industries under distress amid the ongoing West Asia conflict , the Union Cabinet on Tuesday approved a credit support scheme named ‘ Emergency Credit Line Guarantee Scheme 5.0’ targetting additional credit flow of Rs 2.55 lakh crore including Rs 5,000 crore for airlines. On the lines of similar credit guarantee schemes extended to distressed sectors during the Covid-19 pandemic, the latest scheme has an estimated outlay of Rs 18,000 crore, which is the cost to the government for providing the credit guarantees. Additional credit will be available to MSMEs and non-MSMEs (except aviation) up to 20% of peak working capital utilised during Q4 FY26 (capped at Rs 100 crore), an official release said. For airlines, the credit will be up to 100%, capped at Rs 1,500 crore per borrower, subject to certain specific conditions, it said.…