FM announces 6.28LCr package to support economy

Jun 28: Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman here today announced a slew of measures to provide relief to diverse sectors affected by the 2nd wave of COVID-19 pandemic. The measures announced also aim to prepare the health systems for emergency response and provide impetus for growth and employment. the package includes

  • 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 crore more for public health with emphasis on children and paediatric care/paediatric beds
  • 21 varieties of 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 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

Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.