In a major relief for sectors affected by Covid pandemic, Finance Minister Nirmala Sitharaman made some big ticket economic announcements on Monday. Addressing a press conference in New Delhi, Sitharaman said that the government has approved a Rs 1.1 lakh crore loan guarantee scheme for COVID-19 affected sectors.
The economic recovery of India has gained momentum due to the "Aatmanirbhar Bharat" economic package announced in May, said a report by the Department of Economic Affairs (DEA).
Jammu and Kashmir's Lieutenant Governor, Manoj Sinha announced Rs 1,350 crores economic package for business community who are facing economic difficulties.
Lieutenant Governor Manoj Sinha on Saturday announced a relief package of Rs 1350 crore for Jammu and Kashmir in a bid to boost the business and the other ailing sectors that have suffered huge losses for several years in the newly formed Union Territory (UT). LG Sinha said that this is additional to the benefits of Atma Nirbhar Bharat and other measures taken by the government to comfort the business community.
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