New Delhi, May 5, 2026 (AFP) - India approves $27 bn credit guarantee to help businesses ride out Mideast war

NAMPA / AFP

2026-05-05

The Indian government approved a $27.3 billion credit guarantee scheme on Tuesday to help businesses survive short-term cash problems caused by the Middle East war, including airlines hit by surging fuel prices. The scheme is intended to help businesses get access to loans until March next year so they can ride out the crisis, prevent layoffs and avoid an economic slowdown. "The proposed credit guarantee scheme is a major step to help businesses.......

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