Other measures include steps to boost the tourism sector, including credit guarantee loans to tourism stakeholders and guides and free visas to 5 lakh tourists this year. Announcements amounting to Rs 2.67 lakh crore are related to credit guarantee schemes; Rs 1.21 lakh crore of economic relief is related to insurance cover for exports — project and merchandise. Under the health credit scheme, banks will provide credit to private hospitals to expand or create new health facilities beyond the top eight cities. Under the emergency credit scheme, loans amounting to Rs 2.73 lakh crore have been sanctioned and Rs 2.1 lakh crore has been disbursed. In another credit guarantee scheme, the government offered to facilitate credit flow to 25 lakh borrowers of micro finance institutions.

Source: Indian Express June 28, 2021 10:12 UTC