Rs 60,000 cr scheme for Covid-hit sectors yet to be notified five months after announcement: FHRAI

Credit and Finance for MSMEs: The overall economic relief package of Rs 6.29 lakh crore announced in June this year also included Rs 1.1 lakh crore Loan Guarantee Scheme for Covid affected sectors. Under the scheme, Rs 50,000 crore was aimed at the health sector and Rs 60,000 crore for other sectors including tourism.

Credit and Finance for MSMEs: Hotel and restaurant body Federation of Hotel & Restaurant Associations of India (FHRAI), comprising MSMEs and other businesses, has again submitted a representation to the Finance Minister Nirmala Sitharaman seeking her intervention in notifying the Rs 60,000-crore Loan Guarantee Scheme for Covid affected sectors announced in June this year.

The association had earlier as well requested Nirmala Sitharaman to take cognizance of notifying the scheme. The economic relief package of Rs 6.29 lakh crore announced in June this year for recovery post the second wave of Covid also included Rs 1.1 lakh crore Loan Guarantee Scheme for Covid affected sectors.

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