Kerala announces ₹5,650-crore package to tide over COVID crisis
The Hindu
Govt. will bear up to 4% of the interest on loans of ₹2 lakh or below under a ₹2,000-cr. scheme; three loan schemes in place to boost industries
The Kerala government has come out with a ₹5,650 crore package for helping out small traders, industries and farmers hit hard by the COVID 19-induced economic crisis. Finance Minister K.N. Balagopal announced the ‘supplementary package’ in the State Legislative Assembly on Friday. A ₹2,000-crore interest subsidy scheme for loans taken from Central and State financial institutions, cooperative sector institutions and commercial banks forms the major component of the package.
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