The Government of India announced a ₹20 trillion economic stimulus package in May 2020 to address the economic impacts of the COVID-19 pandemic. The package, which amounts to 10% of India's GDP, includes spending measures, loans and loan guarantees. It was announced in 5 tranches by Finance Minister Nirmala Sitharaman focused on different economic sectors such as agriculture, public health, and MSMEs. However, the large amount of debt taken on by businesses during the pandemic could increase non-performing assets for banks if demand is not restored after COVID-19. The government needs to closely monitor implementation and take steps to reduce NPAs to prevent problems in the financial system like rising loan rates and inflation.