Corona ... 8 new projects to revive the economy .... Nirmala Sitharaman announced

Union Finance Minister Nirmala Sitharaman today announced 8 new projects to revive the economy affected by the corona. He also announced a Rs 1.1 lakh crore loan guarantee scheme for various sectors including health and tourism.

The spread of the corona virus will have major consequences worldwide by 2020. Cao not only inflicted physical harm and loss of life on human beings but also revolutionized the world economy. Following this, the central government announced various financial assistance schemes to revive the economy.

Then the restrictions were gradually relaxed after the corona effects began to subside. The factories began to operate. Migrant workers who had returned home began to return to the states where they had worked. With the Indian economy slowly recovering, the corona is now hitting a second wave again.

As a result, the federal government is resuming efforts to revive the economy as the situation begins to worsen after World War II. It has caused job losses for many in various sectors. Many companies, including tourism and hotels, are paralyzed.

As a result, the central government today announced a Rs 1.1 lakh crore loan guarantee scheme for various sectors affected by the corona.

 Anurag Thakur and Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman told reporters in Delhi today:

We have decided to provide more funding to the sectors affected by the corona.

1.1 lakh crore loan guarantee scheme is being implemented for the sectors affected by the corona.

8 economic reform plans will be implemented. 4 of those projects are new. Rs 50,000 crore loan guarantee will be given for health infrastructure facilities alone.

Under the Credit Guarantee Scheme for Corona Affected Sectors, loans will be provided to those in the tourism sector to repay their loans and resume business.

The federal government has decided to offer concessions to tourists to promote tourism. Accordingly, 5 lakh foreign tourists will be issued free visas.

Loans of up to Rs 100 crore will be provided for infrastructure facilities including hospitals.

1.5 lakh crore will be provided to the industry for emergency credit facilities. Loans to the industry will also be provided by banks with government guarantees.

The loan facility is valid for three years at 7.95 per cent interest. The interest rate on loans to other sectors will be 8.25 per cent. Rs 60,000 crore loan guarantee will be given to other sectors.

Thus he said. He was accompanied by then Union Finance Minister Anurag Thakur.