Finance Minister Nirmala Sitharaman addressed a press briefing on Monday, while focusing on eight COVID-19 related relief measures.
Measure 1
A total of Rs 1.1 lakh crore loan guarantee scheme for sectors affected by COVID19Rs 50,000 cr to health sector for scaling up health infraRs 60,000 cr to other sectorsFor Health sector:
Maximum loan amount Rs 100 cr, max interest rate capped at 7.95 percentFor other sectors:
Interest rate is capped at 8.25 percentCoverage will be changed based on evolving needs.
Measure 2
Scope of ECLGS enlarged, overall cap increased from Rs 3 Lakh crore to Rs 4.5 Lakh crore. Rs 2.69 lakh crore loans disbursed under ECLGS so far to 1.1 crore units.
Measure 3
Credit Guarantee Scheme launched to provide loans to small borrowers via MFIs
Max loan to individual at Rs 1.25 lakh, interest rate 2 percent below RBI prescribed rate.
Focus on new loans, stressed borrowers except NPAs to be covered.
Loan duration of 3 yrs under scheme.
Measure 4
New scheme to revive Tourism with 100% guaranteed loans.
Financial support to be extended to more than 11,000 registered tourist guides, Travel & Tourism Stakeholders (TTS)
TTS to get up to Rs 10 lakh loans under scheme.
Licensed Tourist guides to get up to Rs 1 lakh loan.
Measure 5
Free tourist visas to 5 lakh tourists.
Scheme applicable till 31 March 2022 or till the first 5 lakh tourist visas get covered, whichever is earlier.
One tourist can avail benefit only once.
Measure 6
AatmaNirbhar Bharat Rozgar Yojana extended from 30 June 2021 to 31 March 2022.
More than 21.4 lakh people of nearly 80,000 establishments have already benefited from the scheme
Measure 7
Farmers to get additional protein-based fertilizer subsidy of nearly Rs 15,000 crore.
Measure 8
Free food grains will be provided to the poor from May to November 2021 under Pradhan Mantri Garib Kalyan Anna Yojana.
Total financial implication nearly Rs. 94,000 cr, making the total cost of PMGKY nearly Rs. 2.28 Lakh Crore.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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