1.65 lakh crore as of July 2 this year under the Emergency Credit Line Guarantee Scheme( ECLGS), Parliament

2021 has been supported by the Atmanirbhar Bharat scheme of ECLGS.“ The ECLGS had a significant impact on

However, loans under the scheme can be disbursed till June 30. The pace of loan sanctions under the scheme has slowed, and advances of about Rs 2.86 trillion were sanctioned as on September 24.... Loans sanctioned as on July 2, were Rs 2.73 trillion.... Maximum loan tenure is 3 years, and 80 per cent of assistance was to be used by MFI for incremental lending....

Emergency Credit Line Guarantee Scheme( ECLGS) launched by the government in 2020 to provide relief

Hotel Association of India( HAI) has sought the Union government's help to revive the hospitality industry, including by extending one-time restructuring of loans.On Monday, an HAI delegation met Union Minister of Culture, Tourism and Development of North East Region, G Kishan Reddy and submitted recommendations for the revival of the industry, according to a statement.In its representation, HAI highlighted the urgent need to infuse liquidity into the industry through means like an extension of

Public sector banks( PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19 pandemic, amounting to Rs 58, 524 crore as of November 26, the government said in Parliament on Monday. While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60, 000 crore have also been restructured." As per inputs received from public sector banks( PSBs), as on November 26, 2021, resolution plan/ restructuring has been implemented by them

One is specific to health infrastructure and others pertain to growth in general, exports and employees … We also want to revive tourism to survive the second Covid-19 wave, ” Sitharaman said. The government announced Rs 1.1-trillion loan guarantees for pandemic-affected sectors.... Of that Rs 50, 000 crore will be for scaling up medical infrastructure in non-metropolitan cities. The scheme will provide loans up to Rs 100 crore for three years with interest capped at 7.95 per cent.... The gove

The loan guarantees may help the businesses to borrow on favourable terms but there are hardly any new projects by Indian companies--barring few projects by top steel companies, they said." The direct relief measures are good insofar as they help to support the poor or farmers.... But in these tough times, direct action would be more effective," said Madan Sabnavis, Chief Economist of rating firm Care Ratings. The FM today announced additional measures to provide greater financial support to se

As the Narendra Modi government completes eight years, let’s take a look at what numbers say about various achievements over the years.... Over the years, we have given top priority to service to the poor, good governance and welfare of the poor.... Following the mantra of Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas, we have given a new impetus to the development of the country." India is going to be the fastest growing economies in the world in 2022....