In the midst of the Corona period, Finance Minister Nirmala Sitharaman announced an economic relief package on Monday. He has announced a loan guarantee scheme of Rs 1.1 lakh crore for the sectors affected by Corona in the press conference. Under this scheme, a loan guarantee of Rs 50 thousand crore is being given to the health sector, while Rs 60 thousand crore is being given to other sectors.
Under this, loans up to Rs 100 crore will be given at 7.95 percent interest. Whereas for other sectors the interest rate will not exceed 8.25%. Announcing that Union Finance Minister Nirmala Sitharaman said that there is a credit guarantee scheme for 3 years. Loan facility will be given to small lenders. Help will be given to 11 thousand tourist guides. First 5 lakh tourists will not have to pay visa fee.
Under the credit guarantee scheme, small businesses, individual NBFCs will be able to take loans up to Rs 1.25 lakh from micro finance institutions. Its main purpose is to disburse new loans. However, on this, a maximum of 2 percent interest can be taken on the bank’s MCLR. The tenure of this loan will be 3 years and the government will guarantee it. About 25 lakh people will get the benefit of this scheme. Along with this, all types of borrowers including defaulters of 89 days will be eligible for this.
Nirmala said that the Garib Kalyan Anna Yojana will continue till November. He said that efforts are being made to deliver food to the people in every nook and corner of the country.