Finance Minister Nirmala Sitharaman Announces New Set of Relief Measures and Expands Scheme for Health and Tourism

Nirmala Sitharaman

On Monday, Finance Minister Nirmala Sitharaman announced new measures to provide relaxation to Covid hit-sectors, mainly small businesses, and tourism, apart from steps to boost health infrastructure both in the private and public sector. This time, her announcements were nothing different as they were a mixture of expansion of earlier existing steps, such as expanding the Emergency Credit Line Guarantee Scheme (ECLGS), rising from Rs. 3 Lakh Crores to Rs. 4.5 Lakh Crores. Until now, over 2.7 Lakh Crores loans have been sanctioned to only 1.1 Crore borrowers that are…

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