COVID-19 RELIEF

Snapshot of Economic Relief Package related announcements

Economic Relief Package Rs 1.1 Lakh Crore Loan Guarantee Scheme for COVID affected sectors announced. Rs 50000 crore for the Health sector and Rs 60000 crore for other sectors. Government to provide an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS). Government announces Credit Guarantee Scheme to facilitate loans to …

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Economic Relief Package Announced by the Finance Minister in the Wake of COVID-19

Economic Relief Package Announced by the Finance Minister in the Wake of COVID-19

Union Finance Minister Smt. Nirmala Sitharaman, on 28th June 2021, announced an economic relief package in the wake of COVID-19 Pandemic. Following major sectors are included in the relief package: 1.) Health Sector 2.) Tourism Sector 3.) Finance Sector 4.) Employment Sector etc. To Download the PDF containing complete details of the relief package

Oxygen Generation Plants to be set in Government hospitals in district head-quarters across the country

In line with Prime Minister’s direction of boosting availability of oxygen to hospitals, the PM CARES Fund has given in-principle approval for allocation of funds for installation of 551 dedicated Pressure Swing Adsorption (PSA) Medical Oxygen Generation Plants inside public health facilities in the country. PM has directed that these plants should be made functional …

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Facebook Small Business Loan Initiative Scheme, loan up to Rs 50 lakh from Facebook without any guarantee

COVID-19 relief: Government waives interest on interest for loans up to 2 crore rupees

The Central government has approved a scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts to mitigate COVID19 effect. According to the Department of Financial Services, the scheme can be availed by borrowers in specified loan accounts for a period from …

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