Picture courtesy PTI
New Delhi: Finance minister Nirmala Sitharaman has announced eight new schemes to boost the economy, with a special focus on health and tourism. “Once international travel resumes, the first 5 lakh tourists who come to India will not have to pay visa fees. The scheme applicable till March 31, 2022, or will be closed after the distribution of the first 5 lakh visas. One tourist can avail benefit only once,” she said at a press conference on Monday.
Besides, she announced Rs 10 lakh loan to travel agencies and Rs 1 lakh loan to tourist guides in a bid to boost tourism.
Sitharaman announced a new credit guarantee scheme for loans through microfinance institutions. “We are announcing a totally new scheme,” Sitharaman said as she announced a “credit guarantee scheme to facilitate loans to 25 lakh persons through microfinance institutions.”
“The focus is on new lending, and not repayment of old loans,” she also said. All borrowers (including defaulters up to 89 days) are eligible for the scheme. Lending will be up to Rs 1.25 lakh.
Among the other major announcements by the finance minister are a Rs 1.1 lakh crore loan guarantee scheme for the COVID-affected and an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched as part of Atmanirbhar Bharat package last year.
New Delhi: Clouds of uncertainty continue to hover over the Champions Trophy, which is scheduled to…
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Friday laid foundation stone for development projects…
Mumbai: Abbas-Mustan’s 1993 film ‘Baazigar’ had played a major role in shaping Shah Rukh Khan’s…
Cuttack: Odisha gave their supporters at Barabati Stadium some really nervous moments here on Friday…
Cuttack: A three-year-old boy drowned while trying to collect miniature boats from a pond at…
Bhubaneswar: Six masked miscreants allegedly looted of cash and gold ornaments worth lakhs of rupees…
Bhubaneswar: Are Sambalpur BJP MLA Jayanarayan Mishra or the Odisha Governor's son above law? asked…
The World Meteorological Organization (WMO) has indicated that 2024 is on pace to become the…