Cabinet Approves ECLGS 5.0

5 May 2026National

The Cabinet approved the Emergency Credit Line Guarantee Scheme 5.0 for MSMEs, non-MSMEs and scheduled passenger airlines. Cover is up to 20% of peak Q4 FY26 working capital (max Rs 100 crore) for firms and up to 100% (max Rs 1,500 crore) for airlines, for loans sanctioned until 31 March 2027.

ShareWhatsApp Telegram

More Polity Current Affairs

UDAN Regional Connectivity Scheme Completes Ten Years with 687 Routes and 1.72 Crore Passengers

The Ude Desh ka Aam Nagrik (UDAN) regional connectivity scheme completed ten years on 21 October 2026, having been launched on 21 October 2016 under the National Civil Aviation Policy 2016 and run by the Airports Authority of India for the Ministry of Civil Aviation. It has operationalised 687 regional routes and 95 aerodromes, including 17 heliports and 2 water aerodromes, carrying 1.72 crore passengers. The modified UDAN phase launched in July 2026 runs from FY27 to FY36 with an outlay of ₹28,840 crore, targeting 100 new airports and 200 helipads, and feeds the PM GatiShakti multimodal push that marked five years in October 2026.

GK ByteUDAN expands to Ude Desh ka Aam Nagrik and caps fares on about half the seats on subsidised regional routes | The scheme is funded through a Regional Air Connectivity Fund built from a levy on major scheduled flight routes | The Airports Authority of India was constituted in 1995 under the AAI Act 1994 and is headquartered in New Delhi

📅 21 Oct 2026PolityRead complete →

CEA Pegs India's Pumped Storage Potential at 345.38 GW as the Country Ranks Fourth Globally

The Ministry of Power and the Central Electricity Authority highlighted pumped storage projects (PSPs) in October 2026 as India works from the 300 GW of non-fossil capacity crossed in August 2026 towards 500 GW by 2030. India is fourth in installed pumped storage behind China (66 GW), Japan (22 GW) and the United States (19 GW), with 7.43 GW operational across 10 projects and 15.87 GW under implementation. CEA has identified 320 sites with 345.38 GW of potential and projects a need for 73.93 GW of storage by 2031-32, rising to 105.56 GW of PSPs by 2035-36.

GK ByteThe Central Electricity Authority is a statutory body under the Electricity Act 2003 and advises the Ministry of Power on technical and economic matters | Pumped storage works by pumping water to an upper reservoir in off-peak hours and releasing it through reversible turbines at peak demand, with a round-trip efficiency of about 70-80% | India's 500 GW non-fossil capacity target by 2030 was announced as part of the Panchamrit commitments at COP26 in Glasgow

📅 21 Oct 2026PolityRead complete →

Shivraj Singh Chouhan Launches the Upgraded Agri Welfare Portal as a Single Window for Farm Schemes

Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan launched the upgraded Agri Welfare Portal on 19 October 2026, a single-window digital platform routing farmers to PM-KISAN, AgriStack and the Pradhan Mantri Fasal Bima Yojana, alongside subsidy eligibility, weather, scientific practices, seed and fertiliser availability and prevailing market prices. Built to MeitY's Digital Brand Identity Manual 3.0 and the Guidelines for Indian Government Websites 3.0, it runs on basic smartphones and low-bandwidth connections and carries accessibility features for persons with disabilities. A Krishi Vigyan Kendra campaign will build digital awareness, with a shared space for FPOs, PACS, scientists and startups.

GK BytePM-KISAN, launched in February 2019, pays Rs 6,000 a year in three equal instalments to eligible landholding farmer families and is a 100% centrally funded scheme | The Pradhan Mantri Fasal Bima Yojana was launched in 2016 under the Ministry of Agriculture and Farmers Welfare | Krishi Vigyan Kendras are farm science centres under the Indian Council of Agricultural Research, the first having been set up at Puducherry in 1974

📅 19 Oct 2026PolityRead complete →

NITI Aayog's Frontier Tech Hub Releases Data Centre Evaluation Framework for States

NITI Aayog's Frontier Tech Hub has released a Data Centre Evaluation Framework to help States appraise data-centre proposals and gauge their own infrastructure readiness, so capacity is added sustainably rather than wherever land and power are merely cheapest. It rests on five pillars: Power and Energy; Water and Cooling; Environmental Protection; Economic Value Creation; and Policy, Governance and Implementation. India's installed data-centre capacity has grown from about 375 MW in 2020 to 1.5 GW in 2026. The Frontier Tech Hub, set up in March 2025 under Programme Director Yugal Kishore Joshi, follows State-level moves such as Maharashtra's green data-centre park.

GK ByteNITI Aayog (National Institution for Transforming India) replaced the Planning Commission on 1 January 2015; the Prime Minister is its ex-officio Chairperson | India's data governance rests on the Information Technology Act, 2000 and the Digital Personal Data Protection Act, 2023 | One gigawatt (GW) equals 1,000 megawatts (MW)

📅 17 Oct 2026PolityRead complete →

See all Govt Initiatives →All Current Affairs