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Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Here are the big highlights-:

Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors
Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds.
Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore
Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp;
Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee.
Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts
EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.T


FM gives Rs 1.1 lk crore relief to economy, Credit line to loan guarantee and more 

FM gives Rs 1.1 lk crore relief to economy; Health, Tourism, MFIs all given a big boost

FM gives a healthy boost to waning economy

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Sitharman's stimulus package for economy totals to Rs 6.29 lakh crore. Here are the big highlights-:
Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds. Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp; Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee. Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.T

<ul>
<li>8 relief measures announced by Finance Minister&nbsp;</li>
<li>4 new relief schemes announced for sectors such as health and travel</li>
<li>Offer of credit line, loan guarantee focused on semi-urban areas</li>
</ul>

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Finance Minister Nirmala Sitharman's stimulus package for economy totals to Rs 6.29 lakh crore. Here are the big highlights-:
<ul>
<li>Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors</li>
<li>Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds.</li>
<li>Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore</li>
<li>Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp;</li>
<li>Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee.</li>
<li>Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts</li>
<li>EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.</li>
</ul>

The finance minister will address a press conference aat&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports Indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

FM likely to announce Covid relief package for economy, here is what to expect

FM likely to announce Covid relief package for economy, here is what to expect at 3 pm today

Economy Stimulus coming

&nbsp;
The finance minister will address a press conference at&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports Indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.

Finance Minister will brief the media at 3 pm today

Finance Minister Nirmala&nbsp;Sitharaman will address a press conference at&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

As the second wave wipes out economic recovery in Apr-Jun the Finance Ministry is likely to announce an economic relief package in the next two weeks as per reports.&nbsp;Sources told CNBC TV-18 that the new measures that may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

Covid relief package on the anvil, Govt may announce economy stimulus soon

With fears of a third wave rising the Govt prepares&nbsp;Covid relief package, may announce economy stimulus soon. Here is a sneak peak into what you can expect.&nbsp;

<ul>
<li>Govt likely to&nbsp;announce another economic relief package</li>
<li>Economic recovery halted due to second wave, local lockdowns</li>
<li>Govt to focus health infrastructure in tier 2 cities in stimulus</li>
<li>Fin Min may increase&nbsp;ECLG&nbsp;scheme&nbsp;limit of Rs 4.5 lakh crore </li>
</ul>

As the second wave wipes out economic recovery in Apr-Jun the Finance Ministry is likely to announce an economic relief package in the next two weeks as per reports.&nbsp; Sources told CNBC TV-18 that the new measures that may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore. The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

relief

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