Finance Minister Smt. Nirmala Sitharaman announces relief package of Rs 6,28,993 crore to support Indian economy in fight against COVID-19 pandemic
The Indian Finance Minister Nirmala Sitharaman announced a slew of measures to provide relief to diverse sectors affected by the 2nd wave of the COVID-19 pandemic. the main purpose of this relief package is to prepare the health systems for emergency response and provide the impetus for growth and employment. A total of 17 measures amounting to Rs. 6,28,993 crore were announced.
- Rs 1.1 lakh crore loan guarantee scheme for COVID affected sectors
- Additional Rs 1.5 lakh crore for Emergency Credit Line Guarantee Scheme
- Credit Guarantee Scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs)
- Financial support to more than 11,000 Registered Tourists/ Guides/ Travel and Tourism Stakeholders
- Free one-month Tourist Visa to first 5 lakh tourists
- Extension of Aatma Nirbhar Bharat Rozgar Yojana till 31st March 2022
- Additional subsidy of Rs. 14,775 crore for DAP & P&K fertilizers
- Extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) – Free food grains from May to November 2021
- Rs. 23,220 crores more for public health with emphasis on children and paediatric care/paediatric beds
- 21 varieties of the bio-fortified crop for nutrition, climate resilience, and other traits to be dedicated to the nation
- Revival of North Eastern Regional Agricultural Marketing Corporation (NERAMAC) with a package of Rs 77.45 crore
- Rs. 33,000 crore boost for project exports through National Export Insurance Account (NEIA)
- Rs. 88,000 crore boost to Export Insurance Cover
- Rs. 19,041 crore For Broadband to each Village through BharatNet PPP Model
- Extension of Tenure of PLI Scheme for Large Scale Electronics Manufacturing till 2025-26
- Rs 3.03 lakh crore for Reform-Based Result-Linked Power Distribution Scheme
- New Streamlined Process for PPP Projects and Asset Monetization
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