Healthcare, travel sectors welcome stimulus
The Hindu
‘Scale up medical infra manifold’
Industry and analysts welcomed the targeted interventions — with a special focus on health and tourism — announced by Finance Minister Nirmala Sitharaman. “The measures to keep enterprises afloat in the aftermath of COVID 2.0 in the form of extending loan guarantees to the healthcare, tourism sectors and small borrowers, in addition to increasing the scope of ECLGS by ₹1.5 lakh crore are very welcome steps,” CII president T.V. Narendran said. “The extension of ECLGS’s scope and coverage are expected to provide significant support to the cash flow of the stressed sectors,” he added. Stating that tourism had been one of the most impacted sectors, he said the package would usher in much-needed liquidity and help revive the employment-intensive sector.
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