Govt announces Rs 1.1L cr loan guarantee scheme

Finance minister Nirmala Sitharaman on Monday announced Rs 1.1 lakh crore loan guarantee scheme to boost growth in sectors impacted by the Covid-19 pandemic. Announcing a fresh set of relief measures, finance minister Nirmala Sitharaman said that the scheme will will enable the medical infrastructure and health sector to raise loans at a lower interest rate of 8 per cent to 8.25 per cent a year.

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