Sunday, August 1, 2021

FM Sitharaman announces special economic packages

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Guwahati, June 28 (NKTV): The Finance Minister of India Nirmala Sitharaman has announced several economic relief packages for all those sectors affected by the dreaded second wave of the COVID-19 pandemic in the country.

Major Highlights
Rs 23,220 crore announced for public health
Finance Minister announced ₹ 23,220 crore for the public health – the scheme is focused on short term emergency preparedness with emphasis on children, pediatric care
Extension of Pradhan Mantri Gareeb Kalyan Yojana
With the extension, the total cost of the Pradhan Mantri Gareeb Kalyan Yojana now stands at 2,27,841 crore. The scheme entails to providing free food grains to the vulnerable sections amid the pandemic
Additional ₹ 14,7555 crore to be provided under NBS subsidy
Existing NBS subsidy increased to ₹ 42,275 crore in current financial year. The additional amount is Rs 14,7555 crore, announced the finance minister
Extension of Atmanirbhar Bharta Rozgar Yojana
The Atmanirbhar Bharta Rozgar Yojana is extended from June 30, 2021 to March 31, 2022
Free tourist visa for 5 lakh tourists
Once visa issuance is restarted, first 5 lakh tourists visas will be issued free of charge, announced the finance minister.
Financial support announced for Travel, tourism sector
Finance Minister announced that the financial support will cover more than 11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee, under few limits
Rs 60,000 crore relief announced for other sectors
Finance Minister Nirmala Sitharaman announced ₹ 60,000 crore for other sectors, The interest rate is capped at 8.25 p.a
Credit guarantee scheme to facilitate loans to 25 lakh people under MFIs
Finance Minister Nirmala Sitharaman announced a credit guarantee scheme to facilitate loans to 25 lakh borrowers under micro finance institutions (MFIs). Guarantee will be provided to scheduled commercial banks for loans to new or existing NBFCs or MFIs for lending upto ₹ 1.25 lakh
Overall cap of Emergency credit line guarantee scheme raised
The overall cap of Emergency credit line guarantee scheme is raised from ₹ 3 lakh crore to ₹ 4.5 lakh crore, announced the finance minister
Rs 50,000 crore announced for health sector
Finance Minister announced ₹ 50,000 crore in the health sector for scaling up medical infrastructure
Rs 1.5 lakh crore for emergency credit line guarantee scheme
Finane Minister announces ₹ 1.5 lakh crore guarantee scheme emergency credit line guarantee scheme
Rs 1.1 lakh crore loan guarantee for COVID affected sectors
Finance Minister announces 1.1 lakh crore guarantee scheme for COVID–19 affecetd sectors

Last year, the government had announced several relief measures during the first wave of the pandemic, including the first stimulus package of Aatmnirbhar Bharat in May 2020.

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