Economic Relief From Pandemic 2021
1.1 Lakh Cr Loan Guarantee Scheme for COVID Affected Sectors Health Sector: Rs. 50,000 crore Aimed at up scaling medical infrastructure targeting underserved areas. • Guarantee cover for expansion and new projects related to health/medical infrastructure in cities other than 8 metropolitan cities. • Guarantee coverage: 50% for expansion & 75% for new projects • For Aspirational Districts, guarantee cover of 75% for both new projects and expansion. • Maximum loan: Rs. 100 crore; Guarantee duration: Up to 3 years • Interest rate capped at 7.95% • Guarantee by National Credit Guarantee Trustee Company Limited Other Sectors: Rs. 60,000 crore • Interest rate capped at 8.25% p.a. • Decisions at later stage based on evolving needs Normal interest without guarantee cover is 10-11% Additional 1.5 lakh Cr for Emergency Credit Line Guarantee Scheme • Launched as part of Atma Nirbhar Bharat Package in May, 2020. • ECLGS-1.0, 2.0 and 3.0 have resulted in credit disbursal of 2.69 lakh Crore...