Stimulus Measures Package Breakup
Monday, 18th May 2020
Culminating tranche details of the 20 lakh crore economic stimulus package announced by the prime minister a few days back, were released by Finance Minister Nirmala Sitharaman on Sunday.
The "Atma Nirbhar Bharat Abhiyan" package that was allocated to deal with economic repercussions of the ongoing coronavirus pandemic, includes Rs. 8.01 lakh crore previously announced by the RBI as liquidity measures. Measures that were announced by the government earlier also includes the PM Garib Kalyan scheme amounting to Rs 1,92,800 crore.
This is the fifth and final share of the package that was announced by Sitharaman who then went on to explain the details. The stimulus measures which is intended to prop the failing economy back on its feet, totals to Rs. 20,97 lakh crore now.
Details of the five-part tranche that were announced beginning May 13 are as follows:
(Items in this list include, Emergency W/C facility for businesses including MSMEs, Fund of funds for MSMEs, Reduction in EPF rates, Reduction in TDS/TCS rates, etc.)
(Items in this list include, Liquidity injection for DISCOMs, Special liquidity schemes for NBFC/ HFC/MFIs, Subordinate debt for Stressed MSMEs, etc.)
(Items in this list include Interest subvention for MUDRA Shishu loans, Special credit facility to street vendors, Additional credit through KCC, etc.)
(Items in this list include Food Micro enterprises, Pradhan Mantri Matsya Sampada Yojna, Promotion of Herbal Cultivation, Beekeeping initiative, Animal Husbandry Infrastructural Development Fund, etc.)
Source: NDTV