Saturday, July 2, 2022

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.



Please enter your comment!
Please enter your name here

Most Popular


Disease X: The danger of this new disease engulfing the world amid the corona epidemic, strange symptoms are emerging in Britain

Disease X: Amidst the corona epidemic, there is a danger of a new disease in the world. A new disease has been detected in...

Covid Vaccination: Learn about the nation’s first vaccine based on m-RNA technology.

Coronavirus vaccine: India has the first corona vaccine based on m-RNA technology, despite the country seeing an increase in corona cases. Learn how it...

Covid-19 fourth wave scare looms over India, Health Minister to review situation today

The Union Health Minister will chair a review meeting on Thursday to discuss the increase in the number of COVID-19 cases in the country. Union...

What is Hybrid Immunity, which scientists consider to be the perfect weapon against Corona, know how it is achieved?

The world has been battling an epidemic for the last two years due to Coronavirus. Millions of people around the world have been infected...

Coronavirus New Cases: Corona’s speed started to scare again, 24 people died in 24 hours, 7,584 new cases

In a single day, 7,584 new cases of Covid-19 have been reported in the country. During this, 24 people have also died. The total...

Most Popular


* indicates required