financial support

Delhi government introduced a scheme on July 18 to give financial assistance to women who want to undergo driving training and become professional taxi drivers. Transport Department will cover half of each woman's training costs, which are estimated to be roughly Rs 4,800. Women will be trained at government-run driving schools in Burari, Loni, and Sarai Kale Khan. The government will encourage fleet owners and aggregators to finance the… read-more

Delhi government has announced that they've started paying compensation to those who lost their family members to COVID-19 under 'Parivaar Aarthik Sahayata Yojana'. Reportedly, the govt has received 10,000 applications, and 1,416 families out of 2,451 eligible families have received a one-time payment that is Rs 50,000. However, other 1,257 eligible families have requested monthly aid. While the officials are also examining to approve more… read-more

Finance experts claimed that the loan moratorium extended to MSME beneficiaries during a six-month period (March-August 2020) has not improved their repaying capacity. Terming moratorium as "oxygen mask", the Consortium of Indian Associations (CIA) Spokesperson KE Raghunathan said that the move only delayed the suffering of MSMEs. While FKCCI president S Sampathraman raised concerns about demand, Raghunathan urged the Centre to roll out MSME-… read-more

Himachal Pradesh Chief Minister Jai Ram Thakur has instructed the district administration to provide the people of the fire-affected areas in Kinnaur, a financial aid of Rs 10,000. Reportedly, due to a fire that broke out in Purbani,10 houses sustained damages. However, no casualties have been reported and the concerned authorities have already dispatched the aid to the people. 

Indian government on September 20 extended a financial aid of $250 million to Maldives to pacify the economic sufferings caused by the pandemic. The loan was requested by Maldives' President Ibrahim Solih to Indian PM Narendra Modi in order to help the looming economic difficulties. Sent through the State Bank of India, the aid has a very low rate of interest and can be paid in 10 years.