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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