<h1>Union Cabinet Boosts Emergency Credit Line Guarantee Scheme by Rs. 50,000 Crore for Hospitality Sector Relief.</h1> The Union Cabinet has approved an increase in the Emergency Credit Line Guarantee Scheme (ECLGS) limit by Rs. 50,000 crore, raising the total to Rs. 5 Lakh crore. This additional amount is designated for the hospitality and related sectors, severely affected by the COVID-19 pandemic. The scheme aims to provide relief by encouraging lending institutions to offer low-cost credit, helping these enterprises meet operational liabilities. Valid until March 31, 2023, the scheme has already sanctioned loans of Rs. 3.67 Lakh crore. This move is part of efforts to support economic recovery and sustain employment in these sectors.