Finance Minister Announces Fresh Schemes To Create Jobs, Accelerate Economic Revival : Niti Aayog
- ByStartupStory | June 29, 2021
Rajiv Kumar, Niti Aayog Vice Chairman said on Monday, Finance Minister announces fresh schemes to create jobs, accelerate economic revival. Nirmala Sitharaman , Finance Minister announced Rs 1.5 lakh crore of additional credit for small and medium businesses, more funds for the healthcare sector, loans to tourism agencies and guides, and waiver of visa fee for foreign tourists as part of a fresh package to support the pandemic-hit economy.
Kumar tweeted, “Through a seamless facilitation of credit lines, expansion of emergency funds and more, these new extensive schemes announced by FM @nsitharaman ji will not only accelerate the revival of the economy but also enable a bolstering of employment opportunities.”
Sitharaman also provided Rs 23,220 crore of additional funding for setting up children and paediatric facilities at hospitals to prepare healthcare infrastructure to deal with any emergency. She further announced up to Rs 10 lakh loan to tourist agencies and Rs 1 lakh loan to tourist guides while waiver of visa fee for the first five lakh foreign tourists visiting India after travel restrictions ease. Tourist visa fee waiver will cost the government Rs 100 crore.To incentivise job creation, the government committed to paying the employer’s and employee’s share to provident fund (PF) for all new recruitments done till March 2022. Previously, the government paid Rs 902 crore for 21.42 lakh beneficiaries of 79,577 establishments.
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