The government hopes that this decision will help the tourism sector. However, how much people already in debt would like to take a loan, it is a matter of discussion. With this decision of the government, it seems that tourism can be reopened in the coming days. Also Read Another relief package of Modi government, 1.1 lakh crore announced for the Covid affected sector
On one hand the corona virus has affected the health of the people. On the other hand, the commercial restrictions imposed to prevent its infection or rather the lockdown has had a bad effect on the health of the country. Especially the tourism sector has been ruined due to this lockdown. Because there is a ban on going out in lockdown. In such a situation, some important decisions have been taken by the Government of India to strengthen this sector.
To strengthen the tourism sector, Finance Minister Nirmala Sitharaman on Monday announced a loan of ten lakhs to travel agencies and up to one lakh rupees for tourist guides. Obviously, the tourist guide and tourism agency facing the economic slowdown will get some relief from this decision of the government. 10,700 tourist guides are going to benefit from this decision of the central government. However, no information has been given about how much interest will be charged on this loan or whether this loan will be tax free.
The government hopes that this decision will help the tourism sector. However, how much people already in debt would like to take a loan, it is a matter of discussion. With this decision of the government, it seems that tourism can be reopened in the coming days.
Finance Minister Nirmala Sitharaman said that this time 8 economic relief packages will be announced. He said that four of these are brand new and one is exclusively for health infrastructure. Many sectors are in crisis due to the second wave of Corona, and there is a constant demand for help from the government.
Recently, the government had also indicated that the government is considering to help those sectors. Who are in the most trouble. It is worth noting that last year, the Central Government had announced a self-reliant India package to revive the economy affected by the Corona epidemic. This relief package of the government was of a total of Rs 27.1 lakh crore, which was more than 13 percent of the total GDP.