On Tuesday, the Indian Union Cabinet approved a substantial ₹50,000 crore ($6 billion USD) package aimed at bolstering credit flow to businesses impacted by the ongoing West Asia crisis. This package includes the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, which allocates ₹18,100 crore to support businesses, particularly in the micro, small, and medium enterprises (MSMEs) sector. The scheme is designed to facilitate an additional credit flow of up to ₹2.55 trillion ($30.6 billion USD) across various sectors, with specific provisions for the aviation industry. Airlines can access up to ₹1,500 crore in support, while MSMEs can avail themselves of additional credit capped at ₹100 crore. The scheme offers a 100% guarantee for MSMEs and 90% coverage for non-MSMEs, easing liquidity pressures and sustaining operations. Additionally, the Cabinet approved a ₹5,659 crore investment for the Mission for Cotton Productivity, aimed at enhancing cotton production and benefiting approximately 32 lakh farmers. Furthermore, two semiconductor projects in Gujarat were sanctioned, with a total investment of ₹3,936 crore, expected to create jobs for 2,230 skilled professionals. Other approvals include the development of a ship repair facility in Vadinar, Gujarat, and multitracking projects across several Indian states, enhancing the railway network by about 901 kilometers.