INSUBCONTINENT EXCLUSIVE:
Union Finance Minister Nirmala Sithraman announced economic relief measuresFinance Minister Nirmala Sitharaman addressed a press conference
at 3 pm on Monday, June 28, and announced some economic relief measures for all those sectors affected by the second wave of the COVID-19
The government announced eight major economic relief measures and Rs 1.1 lakh crore loan guarantee scheme for the sectors affected by the
An additional sum of ₹ 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) was announced, which was launched as part
of the Atmanirbhar Bharat package last year
(Also Read: To Perk Up Economy, 8 New Schemes, Health And Tourism In Focus )The overall cap of the ECLGS is now raised from Rs 3 lakh
crore to Rs 4.5 lakh crore
Finance Minister announced Rs 23,220 crore for public health, focused on short-term emergency preparedness with an emphasis on children and
pediatric care. Last year, the government had announced several relief measures during the first wave of the pandemic, including the
first stimulus package of Aatmnirbhar Bharat in May 2020.Credit guarantee scheme to facilitate loans through MFIs: What experts say"The
government's backing by guaranteeing commercial banks for their lending to NBFC-MFIs to on lend to small borrowers will help financial
support to such small borrowers and also enhance NBFCs capacity to lend,'' said Lalit Kumar, Partner, J Sagar Associates.New streamlined
process for PPP Projects and asset monetizationA new policy will be formulated for the appraisal and approval of PPP proposals and
monetization of core infrastructure assets, including through InvITsRs 3.03 lakh crore for reform based result linked power distribution
schemeA total allocation of Rs 3.03 lakh crore is announced for reform based result linked power distribution scheme
This is to provide financial assistance to DISCOMS - for infrastructure creation, upgradation of systemExtension of tenure of PLI scheme for
large-scale electronics manufacturing The finance minister announced that the tenure of the production-linked incentive scheme is extended
by one year till 2025-26Rs 33,000 crore boost announced for Project Exports through National Exports Insurance Account Finance Minister
announced a boost of Rs 33,000 crore for Project Exports through National Exports Insurance Account Revival of Northeastern Regional
Agricultural Marketing CorporationRevival package of Rs 77,45 crore announced for financial restructuring and infusion of funds
It proposes to set up Northeastern Centre for organic cultivation, facilitating equity finance for entrepreneurs Bio fortified crop
varieties developedICAR developed bio-fortified crop varieties having high nutrients such as protein, iron, zinc, and vitamin A. Rs 23,220
crore announced for public healthFinance Minister announced Rs 23,220 crore for the public health - the scheme is focused on short term
emergency preparedness with emphasis on children, pediatric care Extension of Pradhan Mantri Gareeb Kalyan YojanaWith the extension, the
total cost of the Pradhan Mantri Gareeb Kalyan Yojana now stands at 2,27,841 crore
The scheme entails to providing free food grains to the vulnerable sections amid the pandemicAdditional Rs 14,7555 crore to be provided
under NBS subsidyExisting NBS subsidy increased to Rs 42,275 crore in current financial year
The additional amount is Rs 14,7555 crore, announced the finance ministerExtension of Atmanirbhar Bharta Rozgar Yojana The Atmanirbhar
Bharta Rozgar Yojana is extended from June 30, 2021 to March 31, 2022Free tourist visa for 5 lakh touristsOnce visa issuance is restarted,
first 5 lakh tourists visas will be issued free of charge, announced the finance minister. Financial support announced for Travel, tourism
sectorFinance Minister announced that the financial support will cover more than 11,000 tourist guides, travel, tourism stakeholders
Loans will be provided under 100 per cent guarantee, under few limitsRs 60,000 crore relief announced for other sectorsFinance Minister
Nirmala Sitharaman announced Rs 60,000 crore for other sectors, The interest rate is capped at 8.25 p.aCredit guarantee scheme to facilitate
loans to 25 lakh people under MFIsFinance Minister Nirmala Sitharaman announced a credit guarantee scheme to facilitate loans to 25 lakh
borrowers under micro finance institutions (MFIs)
Guarantee will be provided to scheduled commercial banks for loans to new or existing NBFCs or MFIs for lending upto Rs 1.25 lakh Overall
cap of Emergency credit line guarantee scheme raisedThe overall cap of Emergency credit line guarantee scheme is raised from Rs 3 lakh crore
to Rs 4.5 lakh crore, announced the finance ministerRs 50,000 crore announced for health sectorFinance Minister announced Rs 50,000 crore in
the health sector for scaling up medical infrastructureRs 1.5 lakh crore for emergency credit line guarantee schemeFinance Minister
announces Rs 1.5 lakh crore guarantee scheme emergency credit line guarantee schemeRs 1.1 lakh crore loan guarantee for COVID affected
sectorsFinance Minister announces 1.1 lakh crore guarantee scheme for COVID-19 affected sectorsNirmala Sitharaman Live: 8 Relief Measures To
Be AnnouncedEight relief measures to be announced today, says Finance MinisterNirmala Sitharaman Live: Where And How To Watch Finance
Minister's Press Conference
