Minister of State for Finance Pankaj Chaudhary has said that the government has no proposal for a one-time waiver of loans of small and marginal farmers. Chaudhary said to provide relief to borrowers in distress, the Reserve Bank of India issued the Master Direction on Resolution of Stressed Assets, 2025.
The directions, released on November 28, 2025 and updated on July 1, 2026, provide lenders the discretion to undertake financial restructuring of borrowers under stress, based on their Board approved policies and regulatory guidelines.
Besides, he stated 5,17,657 guarantee issued to beneficiary enterprises under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 as on July 21, 2026. He added that amount of guarantee issued stood at Rs 1,90,523.78 crore. ECLGS 5.0 scheme was launched on May 8, 2026. The scheme is designed to provide risk mitigation for lending institutions to provide additional credit to borrowers, thereby helping businesses to tide over cash-flow disruptions and sustain operations.
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