<h1>Union Cabinet Approves Rs. 50,000 Crore Loan Guarantee Scheme for Health Sector; Expands Emergency Credit Line by Rs. 1,50,000 Crore.</h1> The Union Cabinet, led by the Prime Minister, approved the Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) with a funding of Rs. 50,000 crore to enhance healthcare infrastructure and employment opportunities. The scheme targets loans for health-related projects, offering a 50% guarantee for brownfield and 75% for greenfield projects. Additionally, the Emergency Credit Line Guarantee Scheme (ECLGS) has been expanded by Rs. 1,50,000 crore to support businesses affected by COVID-19, particularly MSMEs, by providing low-cost credit. These measures aim to strengthen healthcare facilities and support economic revival amidst the pandemic's challenges.