Government emphasis need to conclude LGSCAS Scheme in non-metros in time

Analyze the role of loan guarantee schemes in providing relief to COVID affected sectors in the economy. (150 Words)

Approach:

• In the introduction, briefly discuss the sectors on which COVID had impacted the most.
• Briefly list the loan guarantee schemes provided by the Government to various sectors.
• Enumerate the benefits of these schemes.
• Enumerate how these may have a limited impact.
• Way Forward and Conclusion