Finance Minister Nirmala Sitharaman today announced Rs 1.1 lakh crore loan guarantee scheme for covid affected affected sectors, including Rs 50,000 crore to make stable healthcare facilities.
7 Signs You’ve Met Your Soulmate
Maximum loan given will be Rs 100 crore .Guarantee duration will be up to three years with 7.95% interest rate. Rs 60,000 crore will be for other sectors and the interest rate will be at 8.25%.
“Credit Guarantee Scheme launched to provide loans to small borrowers, via Micro Finance Institutions. Maximum loan to individual is 1.25 lakh, interest rate 2% below RBI prescribed rate. Focus on new loans, stressed borrowers except NPAs to be covered. Loan duration is 3 years,” She said.
