In the context of conflict, India plans to introduce a credit guarantee program with a scale of up to 269 billion US dollars.
According to the Indian newspaper "Economic Times", India is reportedly drafting a new credit guarantee scheme with a maximum scale of 2.5 trillion rupees to protect its industries from the impact of the Middle East conflict. The proposed plan aims to alleviate the financing difficulties faced by companies under pressure from rising raw material and logistics costs. The plan is expected to be announced within two weeks and is likely to be based on the emergency credit guarantee scheme introduced during the COVID-19 pandemic.
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