In major Covid relief, Centre’s monetary support for several sectors

by news
June 28, 2021

New Delhi: Centre on Monday announced eight economic relief measures for India Inc, state governments as well as microfinance credit users.

Accordingly, Finance Minister Nirmala Sitharaman announced these measures here.

The schemes entail the enhancement of existing relief measure such as ECGLS and support for state governments.

Besides, a total of four new measures were announced to provide loans to microfinance credit users as well as the tourism industry.

Further, FM announced a Rs 50,000 cr guaranteed loan for the creation of medical infrastructure.

She said that the ECLGS scheme will be enhanced by Rs 1.5 lakh crore.

Furthermore, the FM announced a Rs 1.1 lakh crore loan guarantee for the scheme for Covid affected sectors.

She said that first 5 lakh tourist visa 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 nearing PF liability of employees and employers depending on the size of the organisation.