Finance minister Nirmala Sitharaman on Monday announced Rs 1.1 lakh crore loan guarantee scheme to boost growth in sectors impacted by the Covid-19 pandemic. Announcing a fresh set of relief measures, finance minister Nirmala Sitharaman said that the scheme will will enable the medical infrastructure and health sector to raise loans at a lower interest rate of 8 per cent to 8.25 per cent a year.
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