Tuesday, November 5, 2024

Coronavirus: The government included air travel service in the emergency plan

The Central Government on Sunday extended the scope of the Emergency Credit Facility Guarantee Scheme (ECLGS) to include the air travel service in it as well. This decision will provide relief to the badly affected civil aviation sector due to Kovid-19 from the cash crunch crisis.

Problems of cash will be less

People associated with the industry said that the decision to include the civil aviation sector in the ECLGS scheme has been taken at the right time. This will reduce the pressure on the sector and reduce the cash problem. The civil aviation sector badly affected by the corona infection was expected to help from the government.

Passenger capacity increased in domestic airlines

The Civil Aviation Ministry recently allowed domestic airlines to limit capacity by 50 percent from June 1 in view of the second wave of Kovid-19. To curb the growing cases of Corona, air traffic has come down significantly due to restrictions imposed in many states.

ALSO CHECK: Get a tremendous discount with 1mg Coupon Code and Fernsnpetals Vouchers

ECLGS scope expanded

In a statement on Sunday, the Finance Ministry said that due to Kovid-19, many economic activities have been affected due to which it has been decided to expand the scope of ECLGS. The civil aviation sector is included under the ECLGS 3.0 scheme. In March, the hospitality, travel, and tourism sectors were included in the ECLGS 3.0 scheme.

Arrears limit also reduced

The Finance Ministry has also removed the existing limit of Rs 500 crore arrears under ECLGS 3.0. The ECLGS assistance for each borrower has been reduced to 40 percent or Rs 200 crore whichever is less. The people associated with aviation have welcomed the decision of the government and said that this will give relief from the cash shortage crisis in the region.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Fever doesn’t mean corona! can be a risk for H3N2, malaria & other diseases

Fever is frequently brought on by a change in the weather. But ever since Corona arrived, people have taken a very careful approach to...

Corona cases growing again! 11,000 cases registered in a day in India

In one day, 11,692 fresh cases of corona virus infection were reported in India. The number of people who have been infected across the...

Corona is frightening! In one day, more than 12,000 new cases were reported

The number of corona cases is constantly rising. 12,591 new instances of illness have been reported in the past day. 10,827 individuals have also...

Covid Cases rises to 10,542! Total Number of Active Cases reaches 63,562

According to data released on Wednesday by the Union Health Ministry, India has recorded 10,542 new Covid Cases, while the number of active cases...

Coronavirus Arcturus Variant, this dangerous version has reached India, symptoms are different

In India, coronavirus instances are rising quickly. It's terrifying how quickly the numbers are changing with each passing day. More than 10,000 cases have...

Most Popular

Subscribe

* indicates required