India, May 7 -- India Electronics and Semiconductor Association (IESA), the apex industry body representing the ESDM sector, welcomed the Union Cabinet's approval of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0.

The scheme's 100% credit guarantee support for MSMEs, zero guarantee fee, and additional working capital access will provide critical liquidity support to businesses navigating global supply chain and geopolitical disruptions.

MSMEs form the backbone of India's electronics manufacturing ecosystem, accounting for a significant share of component manufacturing, EMS, repair and refurbishment services, semiconductor supply chains, tooling, materials, and design-led innovation.

Almost 75% of applications for recent highly ...