Prelims Focus 7th May 2026

Emergency Credit Line Guarantee Scheme 5.0

In News: Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 approved by the Union Cabinet headed by the Prime Minister Shri Narendra Modi.

• Emergency Credit Line Guarantee Scheme (ECLGS 5.0) will give more funding support to companies under pressure of liquidity resulting from the current situation in West Asia.
• The scheme is being touted as an extra credit disbursement of about ₹2,55,000 crore to support MSMEs and the airlines to ease financial instability. 
• It will allow banks and other financial institutions to provide more credit for eligible borrowers under government-backed guarantees via the National Credit Guarantee Trustee Company Limited. 
• The scheme offers a 100% credit guarantee to MSMEs and 90% to non-MSMEs (like the aircraft industry) under the scheme to MLIs (member lending institutions). The guarantee is provided by the National Credit Guarantee Trustee Company Limited (NCGTC) on the outstanding principal in the default position for the additional credit facilities provided to eligible borrowers with respect to their short-term abnormal cash flow needs due to the West Asia crisis. 

UDGAM Portal

In News: The Reserve Bank of India (RBI) told the Supreme Court of India that 30 banks have been taken into the UDGAM portal.

• UGDAM Portal” is the name of the site.
• To give a unified search facility for unclaimed bank deposits, the Reserve Bank of India has launched the UDGAM (Unclaimed Deposits – Gateway to Access Information) portal.
• It allows citizens to check their unclaimed balances across various participating banks in a single application via the same platform.
• Banks make claims on their own and the portal simply helps by giving users information about which very institution they have a deposit with.

Sugarcane FRP 26–27

In News: At a prime ministerial-led Cabinet Committee on Economic Affairs (CCEA) meeting, the Government has decided to give the Fair and Remunerative Price (FRP) of sugarcane at ₹365 per quintal in 2026-27, which works out to 10.25% recovery rate. 

• The advance price paid by sugar mills and fixed by the Government, which farmers are guaranteed of receiving for their sugar, is the FRP price.
• Each year, the FRP for the sugarcane is determined by the Cabinet Committee on Economic Affairs (CCEA) headed by PM of the Centre, and also includes the Consultation of State Governments and the other stakeholders in the process of determination of FRP, as recommended by the Commission for Agricultural Costs and Prices (CACP).

Pulitzer Prize 2026

In News: Anand RK and Suparna Sharma, both Indian, are the recipients of the Pulitzer Prize 2026 for Illustrated Reporting and Commentary for their Bloomberg project ‘trAPPed’, shedding light on “digital arrest” fraud in India. 

• In 1917, Columbia University in America founded the Pulitzer Prize, which is named after Joseph Pulitzer, a newspaper publisher. 
• There are 23 categories. In 22 of them, a certificate and 15,000 US dollars are awarded to the winners. Only one category (Public Service) receives a gold medal. 
• It celebrates excellence in journalism, literature, and music composition.

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