National credit guarantee trustee company ltd., Finance service company

New Delhi, June 28 Finance Minister Nirmala Sitharaman on Monday announced a Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.The scheme would include Rs 50,000 crore loan to the health sector aimed at scaling medical infrastructure targeting underserved areas.The scheme would entail guarantee cover for expansion and new projects related to health and medical infrastructure in cities other than eight metropolitan cities.For aspirational districts, the guarantee cover would be 75 per cent for both new projects and expansion.The maximum loan amount under the newly announced scheme would be Rs 100 crore and the duration of guarantee would be up to three years.The interest rate for the loans would be capped at 7.95 per cent.Sitharaman also said that the guarantee would be provided by National Credit Guarantee Trustee Company Ltd.Under the scheme, loans worth Rs 60,000 crore would be allowed for sectors other than health at an interest rate capped at 8.25 per cent per annum.The normal interest rate without the guarantee cover is 10-11 per cent.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

National Credit Guarantee Trustee Company Ltd.FOLLOW

National credit guarantee trustee company ltd., Latest News

Health :FM announces Rs 1.1 L cr loan guarantee scheme for Covid affected sectors

New Delhi, June 28 Finance Minister Nirmala Sitharaman on Monday announced a Rs 1.1 lakh crore loan guarantee ... ...