Health, credit, jobs: FM announces 8 measures to revive economy in pandemic

Nirmala Sitharaman unveils more support measures for the economy, including a 50% expansion in its emergency credit program.

Finance Minister Nirmala Sitharaman, on Monday, announced a slew of relief measures for several sectors including health infrastructure. 

She announced eight such measures, out of which she said four were new initiatives. Below are the key points. 

Loan guarantee scheme for Covid-affected sectors

The measures announced included a 1.1 trillion loan guarantee scheme for Covid affected sectors. Of this amount, Rs 50,000 crore has been allocated to the health sector, with a focus on the amelioration of health infrastructure outside the eight metropolitan cities, particularly in tier 2 and 3 cities and aspirational districts. 

The scheme would help existing projects