homeeconomy NewsNirmala Sitharaman press conference highlights: FM announces 8 major relief measures to boost COVID affected sectors
Nirmala Sitharaman press conference highlights: FM announces 8 major relief measures to boost COVID-affected sectors
Finance Minister Nirmala Sitharaman addressed a press briefing on Monday, while focusing on eight COVID-19 related relief measures.
Finance Minister Nirmala Sitharaman addressed a press briefing on Monday, while focusing on eight COVID-19 related relief measures.
She announced Rs 1.1 lakh crore guarantee scheme for COVID-affected sectors. Out of this, the health care sector will get Rs 50,000 lakh crore sector.
Last week, CNBC-TV18 reported that the new stimulus package may include a scheme to promote health infrastructure in tier 2 cities and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The government and Reserve Bank of India have together announced stimulus measures worth Rs 29,87,641 crore to revive the economy, Finance Minister Nirmala Sitharaman had said in November last year while announcing stimulus measures under Atmanirbhar Bharat Abhiyaan 3.0.
Here are the latest updates from the media briefing:
Measure 1
A total of Rs 1.1 lk cr loan guarantee scheme for sectors affected by COVID19Rs 50,000 cr to health sector for scaling up health infra
Rs 60,000 cr to other sectors
For Health sector: Maximum loan amount Rs 100 cr, max interest rate capped at 7.95 percent
For other sectors: Interest rate is capped at 8.25 percent
Coverage will be changed based on evolving needs
Measure 2
Scope of ECLGS enlarged, overall cap increased from Rs 3 lk cr to Rs 4.5 lk cr
Rs 2.69 lk cr loans disbursed under ECLGS so far to 1.1 cr 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 cr
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
FM announces an additional over Rs 23,000 cr for #PublicHealth pic.twitter.com/f2M3YeSt4B
— CNBC-TV18 (@CNBCTV18Live) June 28, 2021
7️⃣ #Farmers to get additional protein-based fertilizer subsidy of nearly ₹ 15,000 Crore
Watch https://t.co/Aar8V0519T pic.twitter.com/h3lOz0ln2I— PIB in Maharashtra 🇮🇳 (@PIBMumbai) June 28, 2021
- #EPFO scheme extended till March 31, 2022.
- Free #visa capped at one per individual.And some other announcements made by the Finance Minister in today's press conference.Take a look.#FM @FinMinIndia #FinanceMinister pic.twitter.com/oiIwIy0AQq— CNBC-TV18 (@CNBCTV18Live) June 28, 2021
• FREE Tourist Visa to 5,00,000 Tourists pic.twitter.com/sRJtYqBqg7
— Office of Mr. Anurag Thakur (@Anurag_Office) June 28, 2021
FM @nsitharaman New Credit Guarantee Scheme announced to facilitate loans to 25 lkh persons via MFIs; loan amount up to Rs1.25 lakh per individual, duration of 3 years @CNBCTV18News @CNBCTV18Live #FMPresser https://t.co/ucOfAVCcCY
— Shereen Bhan (@ShereenBhan) June 28, 2021
CNBC-TV18 newsbreak confirmed, FM @nsitharaman announces an #Additional Rs 1.5 lk cr for ECLGS.
Rs 2.69 lk cr credit disbursal under #ECLGS so far. pic.twitter.com/IJopExFn2Y— CNBC-TV18 (@CNBCTV18Live) June 28, 2021
FM: today we will announce some relief measures; 8 measures to be announced, 4 of which are new pic.twitter.com/mqWrfU4kNQ
— CNBC-TV18 (@CNBCTV18Live) June 28, 2021
FM Smt. @nsitharaman will address a Press Conference today, 28th June, 2021 at 3PM in New Delhi.
Watch LIVE here👇➡️ YouTube - https://t.co/aRENisbUvhFollow for LIVE updates👇➡️ Twitter - https://t.co/XaIRg3fn5f➡️ Facebook - https://t.co/06oEmkxGpI— Ministry of Finance (@FinMinIndia) June 28, 2021
First Published: Jun 28, 2021 1:02 PM IST
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