India plans sovereign guarantees on loans to businesses hit by Iran war, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxPbllMXzdwVkFYWnQ0RUo3QnQ4Nzl4ZHJHN2NVWkFlNF9nZU83RVZ1R3ZiSF9JNGl1UmtCUFBDYkszWS1CcTlfaGExTExKY3VHclJwUndJcDRiLTdpMDF0eDd1TzBxRUlUcEtjQm1XdVBtcW41RGtUX1FsQUlXREhMYlJVMWJCcmlJcGVpc2hNTGZLdWFRMFV3TXFZeDJJdGlzdFp0WDIzRXZlNVZseVV3UnhuSXFfSmJsSkRSWkx5d05mcDg?oc=5" target="_blank">India plans sovereign guarantees on loans to businesses hit by Iran war, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

India is set to launch sovereign credit guarantees on loans totaling $26.7 billion to support businesses, particularly small firms, affected by the Middle East crisis. The government plans to provide guarantees for four years, similar to measures taken during the COVID-19 pandemic, at an estimated cost of 170 to 180 billion rupees.

The Indian government is preparing a credit support package exceeding Rs 2 lakh crore to assist sectors impacted by the ongoing Iran conflict. Modeled after the COVID-era Emergency Credit Line Guarantee Scheme, the initiative aims to provide collateral-free loans backed by government guarantees, especially for MSMEs, to prevent liquidity issues.