In the context of conflict, India plans to launch a credit guarantee scheme with a maximum scale of up to $26.9 billion.

2026-04-07 03:51:48

According to a report by India’s Economic Times citing unnamed insiders, India is working on a brand-new credit guarantee program with a size of up to 2.5 trillion rupees ($26.9 billion) to protect the country’s industries from shocks stemming from the Middle East conflict.

The proposed plan is intended to ease financing difficulties for companies facing mounting pressure from rising raw material and logistics costs.

The plan will be announced within two weeks.

The plan is very likely to be drafted with reference to the emergency credit line guarantee program introduced during the COVID-19 pandemic.

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Editor: Wang Yongsheng

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