New Delhi: Finance Minister NirmalaSitharaman on Monday announced eight new schemes to give a boost to the sectors reeling under the Covid-19 induced restrictions. Under the news schemes, the Centre extended a federal guarantee on bank loans to the healthcare sector while waiving visa fees for 500,000 foreign tourists to perk up tourism. As per Sitharaman's announcement, the government will expand federal guarantees on loans to businesses to $60.7 billion. For the health sector, Sitharaman announced a guarantee of $14.8 billion dollars on loans for medical infrastructure.

The government also extended benefits from the free food grain programme for unprivileged people till November. For this Sitahraman announced 938.7 billion rupees, bringing the total cost of the programme to more than $30.5 billion.

For tourism, Sitharaman said once the visa issuance for international travel is restarted, the first five lakh (500 thousand) tourists will be issued visas free of charge. "The scheme would be applicable till March 31, 2022, or till 5 lakh visas are issued, whichever is earlier. This would incentivise short-term tourists visiting India," she said during the press briefing.