Finance Minister Nirmala Sitharaman today announced a relief package worth Rs 6,28,993 crore to support Indian economy in the fight against COVID-19 pandemic. Prime Minister Narendra Modi stated the recent measures announced by Sitharaman will stimulate economic activities, boost production & exports and generate employment.
PM stated the relief package will enhance public health facilities, especially in under-served areas. He stated that these measures will also boost private investment in medical infrastructure and augment critical human resources. “The measures will help to stimulate economic activities, boost production & exports and generate employment,” he added.
Commenting on the initiatives announced by FM to double farmers’ income, Modi added the importance has been given to helping the farmers. “Multiple initiatives have been announced which reduce their costs, increase their incomes & support greater resilience and sustainability of agricultural activities.”
FM had announced a Rs 50,000 cr guaranteed loan for creation of medical infrastructure. She said that ECLGS scheme will be enhanced by Rs 1.5 lakh crore. The Finance Minister announced a Rs 1.1 lakh crore loan guarantee for scheme for COVID-affected sectors.
A total of 17 measures amounting to Rs 6,28,993 crore were announced. These included two measures announced earlier that is the additional Subsidy for DAP & P&K fertilizers, and extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) from May to November, 2021.
