New Delhi, May 7 -- The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could potentially benefit around 1.1 crore MSME accounts, helping businesses tide over disruptions arising from the ongoing West Asia conflict, according to a report by State Bank of India (SBI).

The Union Cabinet on Tuesday approved ECLGS 5.0 to provide additional working capital support to existing standard MSMEs and certain non-MSME sectors, including airlines.

The report noted, "our preliminary estimates indicate that ~1.1 crore MSME accounts (~45% of total MSME portfolio) will be eligible to get benefit from the scheme with per account an average additional credit flow of Rs 2 to 2.3 lakh."

Under the scheme, eligible borrowers can avail addit...