India unveiled more support measures for the pandemic-hit economy, including a 50% expansion in its emergency credit program, as well as support for the health care and tourism sectors.

       The announcement Monday by Finance Minister Nirmala Sitharaman comes as India’s states start lifting restrictions amid a decline in coronavirus infections after the country suffered the world’s worst Covid-19 surge.

       The measures will support Asia’s third-largest economy as it begins to show signs of recovery after a record contraction during the first wave of the virus last year and a second, much more intense wave earlier in 2021.

       The expansion in the loan guarantee program to 4.5 trillion ($60 billion), from 3 trillion rupees, was announced along with other pledges Monday by Sitharaman to scale up medical infrastructure and provide micro-financing to 2.5 million people, among other steps.

       The government also extended the loan guarantee program to the tourist sector, after last month widening it to airlines and hospitals.

       The credit program supplements separate measures last month by the Reserve Bank of India to boost credit for health care services and provide fresh lending to vaccine-makers. It provided an on-tap liquidity window for banks worth 500 billion rupees to extend credit to health services and vaccine manufacturers until March 2022.

       Other measures announced Monday include: