Sunday, November 27, 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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Corona Alert: Be alert.. Another wave of corona coming? This report brought about the whole world

Covid-19New Wave: Another horrific Corona report has surfaced. According to the article, more cases will be reported worldwide in the coming months. From now...

WHO warns about new variants of Coronavirus, told how dangerous it will be

WHO warns about future variants of Covid-19: Coronavirus infection is increasing continuously in many countries around the world including India and in the meantime,...

Coronavirus 4th Wave: Omicron, the dangerous variant of Corona, has changed form again, know how much danger is there for India

Covid-19 Omicron Sub-Variant BA.2.75: Amidst the increasing infection of the coronavirus, the Omicron variant has once again changed its form, and a new sub-variant...

Covid-19 fourth wave scare! New Omicron sub-variant found in India, may be alarming: Israeli expert

According to the expert, the new Omicron sub-version already exists and has been found in around 10 Indian states, reported IANS. An Israeli health expert...

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...

Most Popular

Subscribe

* indicates required