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Finance Minister Nirmala Sitharaman announces relief package of Rs 6,28,993 crore to support Indian economy in fight against COVID-19 pandemic

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.

  1. Rs 1.1 lakh crore loan guarantee scheme for COVID affected sectors
  2. Additional Rs 1.5 lakh crore for Emergency Credit Line Guarantee Scheme
  3. Credit Guarantee Scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs)
  4. Financial support to more than 11,000 Registered Tourists/ Guides/ Travel and Tourism Stakeholders
  5. Free one-month Tourist Visa to first 5 lakh tourists
  6. Extension of Aatma Nirbhar Bharat Rozgar Yojana till 31st March 2022
  7. Additional subsidy of Rs. 14,775 crore for DAP & P&K fertilizers
  8. Extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) – Free food grains from May to November 2021
  9. Rs. 23,220 crores more for public health with emphasis on children and paediatric care/paediatric beds
  10. 21 varieties of the bio-fortified crop for nutrition, climate resilience, and other traits to be dedicated to the nation
  11. Revival of North Eastern Regional Agricultural Marketing Corporation (NERAMAC) with a package of Rs 77.45 crore
  12. Rs. 33,000 crore boost for project exports through National Export Insurance Account (NEIA)
  13. Rs. 88,000 crore boost to Export Insurance Cover
  14. Rs. 19,041 crore For Broadband to each Village through BharatNet PPP Model
  15. Extension of Tenure of PLI Scheme for Large Scale Electronics Manufacturing till 2025-26
  16. Rs 3.03 lakh crore for Reform-Based Result-Linked Power Distribution Scheme
  17. New Streamlined Process for PPP Projects and Asset Monetization

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Finance Minister Nirmala Sitharaman announces relief package of Rs 6,28,993 crore to support Indian economy in fight against COVID-19 pandemic 1
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