06/05/2026
# ECLGS 5.0 is here!
**Emergency Credit Line Guarantee Scheme (ECLGS) 5.0**, a major government initiative designed to fuel India's economic growth and support vital industries.
This scheme offers **100% guarantee coverage for MSMEs** and **90% for Non-MSMEs and Airlines**, providing crucial access to collateral-free additional working capital.
**Key benefits include:**
* **Boosted Credit Access:** Secure loans up to 20% of your peak Q4 FY26 utilization (capped at ₹100 Cr, and ₹1500 Cr for Airlines).
* **Favorable Terms:** Enjoy tenors up to 5 years (for MSMEs/Non-MSMEs) and 7 years (for Airlines).
* **Affordable Interest Rates:** Capped at 9.25% for banks and 14% p.a. for NBFCs.
* **Moratorium Period:** Beneficiaries can avail of a 1-year or 2-year moratorium.
* **Zero Guarantee Fee:** No additional fees are applicable for the guarantee.
**How to Apply:** Contact your eligible lending institution (SCBs, FIs, NBFCs) where you hold your existing loan.
