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Relief measures – Finance ministry
July 2 , 2021
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- The government has announced some fresh relief measures for the economy.
- This is the first such package after the second COVID-19 wave.
- The following eight measures were proposed by Ministry of Finance.
- Rs 1.10 lakh crore Loan Guarantee Scheme for COVID Affected sectors
- This includes Rs 50,000 crore for the health sector and Rs 60,000 crore for other sectors, including tourism.
- Additional Rs 1.5 lakh crore for Emergency Credit Line Guarantee Scheme.
- Credit Guarantee Scheme for Micro Finance Institutions (New scheme).
- Amount per loan capped at Rs 1.25 lakh at an interest rate of MCLR (the minimum lending rate for a bank) plus 2 per cent.
- Scheme for Tourists guides/ stakeholders
- Tourism Stakeholders will be eligible to get a loan up to Rs. 10 lakh each while tourist guides can avail of loan up to Rs 1 lakh each.
- Free one-month tourist visa to 5 lakh tourists
- The total amount sanctioned for the scheme is Rs 100 crore.
- The facility will be applicable till 31st March 2022 or till 5 lakh visas are issued, whichever is earlier.
- Extension of Aatma Nirbhar Bharat Rozgar Yojana
- The date of registration under the scheme has been extended from 30 June 2021 to 31 March 2022.
- The Additional Subsidy for DAP & P&K fertilizers.
- Free food grains under Pradhan Mantri Garib Kalyan Yojana (PMGKY) to be provided from May to November 2021.
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