Measures worth over Rs 6 lakh cr announced

Measures worth over Rs 6 lakh cr announced

Mumbai: The Centre on Monday extended liquidity support to various stressed sectors of India Inc as well as micro credit borrowers and export oriented industries.

Accordingly, Finance Minister Nirmala Sitharaman announced eight relief measures worth Rs 6,28,993 crore.

These measures entail enhancement of existing relief schemes such as ECGLS and support for state governments.

Besides, a total of four new measures were announced to provide loans to micro credit borrowers as well as tourism industry.

Further, Sitharaman announced Rs 50,000 crore guaranteed loan for creation of medical infrastructure.

She said that ECLGS scheme will be enhanced by Rs 1.5 lakh crore. Furthermore, she announced a Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.

She said that first 5 lakh tourist visas will be issued free of charge. This step will be taken once the visa issuance start.

Apart from these the Atmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022 entailing government PF liability of employees and employers depending on the size of the organisation.

On exports, the minister announced support extended to National Export Insurance Account (NEIA) worth Rs 33,000 crore for project exports from India.

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