FM Nirmala Sitharaman Press conference: package announcement key highlights
Finance Minister Nirmala Sitharaman is addressing a press conference today. The Ministry of Finance, in a tweet, informed that the press briefing will start at 3 pm.
Here are the key 8 measures announced by Finance Minister Nirmala Sitharaman today
Measure 1
A total of Rs 1.1 lk cr loan guarantee scheme for sectors affected by COVID19
Rs 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
Additional Rs 14,775 cr fertilizer subsidy to be provided over and above Rs 85,413 cr budgeted: FM Nirmala Sitharaman
FM announces an additional over Rs 23,000 cr for public health.
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