IGI Logo

Below is Perspective on Today's Announcements by the Finance Minister By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International

“ The onslaught of the second wave and the impact of the lockdown was severe, particularly for the contact-oriented businesses like travel & tourism and small businesses. The travel & tourism sector is crucial to earning foreign currency in the case of international tourism. The announcement by the government is well-timed and in the right direction. MSMEs, MFIs, and small and unorganized sectors are the biggest employment creators. The measures will help boost growth, given the increased pace of vaccination across the country. The announcement for the health infra sectors will help strengthen the fight against the pandemic.

The enhanced limit for the credit guarantee scheme will ensure funding for businesses and help the most affected

sectors. The economy needs the government's support especially post the lockdown in months of April and May.”

Above views are of the author and not of the website kindly read disclaimer