Announcement
28 Jun 2021
On 28 June 2021, the Indian Finance & Corporate Affairs Ministry announced several measures to provide relief to sectors affected by the COVID-19 pandemic.
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Number of interventions
5
5 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
28 Jun 2021
Revocation date:
No revocation date
Announced: 28 Jun 2021
Loan guarantee
In force
On 28 June 2021, the Indian Finance Minister announced a scheme titled the "Loan Guarantee Scheme for COVID Affected Sectors". Under the scheme, loan guarantees will be provided on loans of up to INR ...
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Announced: 28 Jun 2021
Trade finance
In force
On 28 June 2021, the Indian Finance Minister announced capital infusion in the National Export Insurance Account (NEIA) and the Export Credit Guarantee Corporation (ECGC). The amount of infusion has n...
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Announced: 28 Jun 2021
Interest payment subsidy
In force
On 28 June 2021, the Indian Finance Minister as part of a package for the economy affected by COVID-19 announced loans at a reduced rate of interest for all sectors. Under the package, loans worth INR...
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Implementation date
28 Jun 2021
Revocation date:
31 Mar 2023
End prolongation: 31 Mar 2023
Loan guarantee
On 28 June 2021, the Indian Finance Minister announced additional funding under a loan guarantee scheme titled the "Emergency Credit Line Guarantee Scheme (ECLGS)". The scheme will provide a guarantee...
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Implementation date
07 May 2021
Revocation date:
31 Mar 2022
Announced: 28 Jun 2021
Loan guarantee
On 28 June 2021, the Indian Finance Minister announced the "Loan Guarantee Scheme for COVID affected Sectors (LCGAS)". As part of the scheme, loan guarantees will be provided on loans up to INR 50,000...
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Related State Acts
End prolongation: 31 Mar 2023
India: Support under credit guarantee scheme increased (September 2021)
End prolongation: 31 Mar 2023
India: Credit guarantee scheme extended to additional sectors in response to the COVID-19 pandemic
End prolongation: 30 Sep 2021
India: Package announced to support the economy in response to the COVID-19 pandemic (November 2020)
End prolongation: 30 Sep 2021
India: Package announced to support the economy in response to the COVID-19 pandemic (May 2020)
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