Key Highlights of FM Sitharaman’s Latest Relief Package of 6 Lakh 28 Thousand Crore Amid COVID

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

Here are the Key Highlights of the Economic Package:

• 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

Read Here for  detailed report on updated Economic Relief Package. 

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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