COVID 29 ECONOMIC RELIEF PACKAGE

1. COVID-19
STIMULUS PACKAGE
Shivani Thosar MBA ( B & F )

2. HIGHLIGHTS OF THE PACKAGE
 In his address to the nation on May 12, the prime minister had announced massive financial incentives on
the top of previously announced packages for a combined stimulus of Rs 20 lakh crore or 10 per cent of
the GDP, saying the coronavirus crisis has provided India with an oppor tunity to become self -reliant and
emerge
 Nirmala Sitharaman’s press conference on the second day of announcement of Rs 20, lakh crore special
economic package for all affected sectors of economy and individuals focussed on migrant labourers,
farmers and street vendors
 The economic package will cover different aspects of the economy including Agriculture, MSMEs,
Industries, Common Man, laborers and different vulnerable sections of the economy Pellentesque habitant
morbi tristique senectus et netus et malesuada fames ac turpis egestas. Proin pharetra nonummy pede.
Mauris et orci.

3. DETAILS OF THE PACKAGE
1. Rs 5,000 crore special credit facility for nearly 50
lakh street vendors with initial working capital of up
to Rs 10,000.
2. Rs 3,500 crore for supply of food grains to
migrants who are neither NFSA nor state card
beneficiaries in the states they are stationed in.
About 8 crore migrants to be given 5 kg of grains
and 1 kg of chickpeas per family for two months
under this scheme.
3. Rs 1,500 crore wor th of interest subvention for
small businesses under Mudra-Shishu loans for a
period of 12 months. The government will pay 2%
interest for loan account holders making regular
payments.

4. 4. Rs 30,000 crore additional emergency working
capital for three crore farmers to be allocated through
NABARD to rural cooperative banks and RRBs for
funding crop loans requirements.
5. Rs 6,000 crore for Compensatory Afforestation
Management and Planning Authority (CAMPA) for
forest and afforestation related works in urban areas
to create job opportunities for tribals. This is over and
above the Rs 90,000 crore to be provided by NABARD
through the normal refinance route this year.
6. Rs 70,000 crore boost to the housing sector and
middle-income groups through the extension of Credit
Linked Subsidy Scheme to March 31, 2021. Move to
benefit 2.5 lakh middle income families and create
jobs and spur construction-linked demand.

5. 7. 14.62 crore person-days of work generated till May
13, 2020, under MGNREG scheme and actual
expenditure incurred is around Rs 10,000 crore.
8. Rs 11,002 crore released as Centre’s advance to
states for SDRF funds to support shelter and food for
the migrant workforce.
9. 63 lakh loans of Rs 86,600 crore approved in
agriculture between March 1 and April 30, 2020.
10. Working capital limit of Rs 6,700 crore sanctioned
for procurement of agricultural produce to state
government entities since March 2020.

6. 11. Three crore farmers have already availed the
benefit of 3 months loan moratorium on
agricultural loans of Rs 4.22 lakhs crore.
12. Rs 2 lakh crore concessional credit boost for
2.5 crore farmers through Kisan Credit Cards. 25
lakh new Kisan Credit Cards have already been
sanctioned with a loan limit of Rs 25,000 cr.
13. Rs 3 lakh crore emergency working capital
facility for businesses including MSMEs

7. 14. Rs 20,000 cr subordinate debt for stressed
SMEs
15. Rs 50,000 crore equity infusion through
MSMEs Fund of Funds
16. No global tenders for government orders
of up to Rs 200 crore
17. Rs 2,500 crore worth of extended EPF
support for businesses and organized workers
for another three months- from June to August
2020

8. 18. Rs 6,750 crore infusion of liquidity through
a reduction in EPF contribution for employers
and employees for three months from 12% to
10%
19. Rs 50,000 crore liquidity through 25%
reduction in rates for the tax collected at
source and tax deduction at source for the
remaining duration of FY 2020-21.
20. Rs 30,000 crores liquidity facility for
NBFC/HCs/MFIs

9. 21. R 45,000 crore partial credit guarantee
scheme 2.0 for NBFCs
22. Rs 90,000 crore liquidity injection for
DISCOMs

10. THANK YOU