The Indian civil aviation ministry has unveiled the emergency credit line guarantee scheme (ECLGS), allowing homegrown airlines to borrow up to ₹1,500 crore ($180 million USD) for over seven years. This scheme, approved by the Union Cabinet, aims to provide financial support amidst the aviation sector's ongoing challenges due to rising aviation turbine fuel (ATF) prices and operational disruptions caused by geopolitical tensions. Airlines can access these loans interest-free for the first two years, with the government guaranteeing them to enhance lender confidence. The total credit package for various sectors is ₹2.55 trillion ($30.6 billion USD), with around ₹5,000 crore ($600 million USD) specifically earmarked for airlines. To qualify for the maximum loan, airlines must match a ₹500 crore ($60 million USD) equity infusion. The initiative is designed to help airlines maintain operations, sustain employment, and minimize cost increases for passengers, as operational costs have surged significantly, with jet fuel now accounting for nearly 50% of airline expenses. Civil aviation minister Ram Mohan Naidu emphasized the importance of timely measures in supporting the sector during these unpredictable times.