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Union Finance Minister's announcement; 1.1 lakh crore loan guarantee scheme for Corona affected states
New Delhi: The Union Finance Minister today announced eight economic reforms. Four of these are completely new. Also a component of health infrastructure is completely new. Finance Minister Nirmala Sitharaman has announced a Rs 1.1 lakh crore loan guarantee scheme for corona-affected states. It has allocated Rs 50,000 crore for the health sector and Rs 60,000 crore for other sectors.
The maximum loan amount for the health sector is Rs 100 crore, the maximum interest rate is 7.95%, while the interest rate for other sectors will be 8.25%. The scope of these schemes will continue to change keeping in view the emerging needs, the Union Finance Minister said. He also announced an additional Rs 1.5 lakh crore for the emergency loan guarantee scheme. He said the scheme was launched in May 2020 as part of the Self-Reliant India Package.
The Union Finance Minister said that a credit guarantee scheme has been launched for 25 lakh people through microfinance institutions. About 25 lakh borrowers will be provided loans up to Rs 1.25 lakh through new or existing non-financial institutions to avail loans in scheduled commercial banks. The minimum loan will be 1.25 lakh, at least 2% less than the interest rate set by the RBI. Now the focus is on new lending, which will benefit all borrowers except NPAs. The Union Finance Minister said that a new credit guarantee scheme for microfinance institutions has been announced to benefit the country's smallest borrowers.
Important announcements made by Nirmala Sitharaman
Provision of Rs 50,000 crore under the Debt Guarantee Scheme for the health sector. Another Rs 60,000 crore will be provided for other sectors
An emergency mortgage scheme of Rs 1.5 lakh crore has also been announced under Self-Reliant India
Will invest in infrastructure in the health sector. In addition to 8 other sectors for development and export assistance
The Rs 1.10 lakh crore loan mortgage scheme will be for areas affected by the corona
More than 25 lakh small businesses and entrepreneurs affected by the corona benefit from the loan mortgage scheme
Each will get a loan of Rs 1.25 lakh for three years. The interest rate will be less than 2%
5 lakh tourists will be given free visas to boost the tourism sector
Announcement of help for the tourism sector, 11,000 registered tourist guides and financial assistance to the people in the travel tourism sector.
Readiness to provide loans as equity to tourism industries for resumption of business
New Delhi: The Union Finance Minister today announced eight economic reforms. Four of these are completely new. Also a component of health infrastructure is completely new. Finance Minister Nirmala Sitharaman has announced a Rs 1.1 lakh crore loan guarantee scheme for corona-affected states. It has allocated Rs 50,000 crore for the health sector and Rs 60,000 crore for other sectors.
The maximum loan amount for the health sector is Rs 100 crore, the maximum interest rate is 7.95%, while the interest rate for other sectors will be 8.25%. The scope of these schemes will continue to change keeping in view the emerging needs, the Union Finance Minister said. He also announced an additional Rs 1.5 lakh crore for the emergency loan guarantee scheme. He said the scheme was launched in May 2020 as part of the Self-Reliant India Package.
The Union Finance Minister said that a credit guarantee scheme has been launched for 25 lakh people through microfinance institutions. About 25 lakh borrowers will be provided loans up to Rs 1.25 lakh through new or existing non-financial institutions to avail loans in scheduled commercial banks. The minimum loan will be 1.25 lakh, at least 2% less than the interest rate set by the RBI. Now the focus is on new lending, which will benefit all borrowers except NPAs. The Union Finance Minister said that a new credit guarantee scheme for microfinance institutions has been announced to benefit the country's smallest borrowers.
Important announcements made by Nirmala Sitharaman
Provision of Rs 50,000 crore under the Debt Guarantee Scheme for the health sector. Another Rs 60,000 crore will be provided for other sectors
An emergency mortgage scheme of Rs 1.5 lakh crore has also been announced under Self-Reliant India
Will invest in infrastructure in the health sector. In addition to 8 other sectors for development and export assistance
The Rs 1.10 lakh crore loan mortgage scheme will be for areas affected by the corona
More than 25 lakh small businesses and entrepreneurs affected by the corona benefit from the loan mortgage scheme
Each will get a loan of Rs 1.25 lakh for three years. The interest rate will be less than 2%
5 lakh tourists will be given free visas to boost the tourism sector
Announcement of help for the tourism sector, 11,000 registered tourist guides and financial assistance to the people in the travel tourism sector.
Readiness to provide loans as equity to tourism industries for resumption of business
The maximum loan amount for the health sector is Rs 100 crore, the maximum interest rate is 7.95%, while the interest rate for other sectors will be 8.25%. The scope of these schemes will continue to change keeping in view the emerging needs, the Union Finance Minister said. He also announced an additional Rs 1.5 lakh crore for the emergency loan guarantee scheme. He said the scheme was launched in May 2020 as part of the Self-Reliant India Package.
The Union Finance Minister said that a credit guarantee scheme has been launched for 25 lakh people through microfinance institutions. About 25 lakh borrowers will be provided loans up to Rs 1.25 lakh through new or existing non-financial institutions to avail loans in scheduled commercial banks. The minimum loan will be 1.25 lakh, at least 2% less than the interest rate set by the RBI. Now the focus is on new lending, which will benefit all borrowers except NPAs. The Union Finance Minister said that a new credit guarantee scheme for microfinance institutions has been announced to benefit the country's smallest borrowers.
Important announcements made by Nirmala Sitharaman
Provision of Rs 50,000 crore under the Debt Guarantee Scheme for the health sector. Another Rs 60,000 crore will be provided for other sectors
An emergency mortgage scheme of Rs 1.5 lakh crore has also been announced under Self-Reliant India
Will invest in infrastructure in the health sector. In addition to 8 other sectors for development and export assistance
The Rs 1.10 lakh crore loan mortgage scheme will be for areas affected by the corona
More than 25 lakh small businesses and entrepreneurs affected by the corona benefit from the loan mortgage scheme
Each will get a loan of Rs 1.25 lakh for three years. The interest rate will be less than 2%
5 lakh tourists will be given free visas to boost the tourism sector
Announcement of help for the tourism sector, 11,000 registered tourist guides and financial assistance to the people in the travel tourism sector.
Readiness to provide loans as equity to tourism industries for resumption of business
