08-April-2026
Economy News
 
India plans sovereign guarantees on loans to businesses hit by Iran war, sources say
07-Apr-2026

India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. At the same time India, the world’s third-largest oil importer, also faces the risk of rising inflation and slower growth.

News Source:- https://economictimes.indiatimes.com/news/company/corporate-trends/india-plans-sovereign-guarantees-on-loans-to-businesses-hit-by-iran-war-sources-say/articleshow/130075804.cms