FM announces new economic package for revival, raises ECLGS scheme limit

  • On Monday, the Union Finance Minister of India Nirmala Sitharaman announced new economic measures that will help in reviving the Indian economy.

  • These measures include a ₹1.1 lakh crore credit guarantee scheme for improving health infrastructure, increase in the ECLGS limit by 50% to ₹4.5 lakh crores for the MSME sector facing a cash crunch.

  • Several other economic measures were announced to support economic growth.

  • Indian economy started having a V-shaped recovery last year before the second wave of the pandemic appeared in April.

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