2nd tranche of eco package highlights
- Country:
- India
Following are the highlights of second tranche of Rs 20 lakh crore comprehensive economic package announced by Finance Minister Nirmala Sitharaman to tide over the COVID-19 crisis
* 3 crore farmers with loans of over Rs 4 lakh crore availed the benefit of 3-months moratorium * 25 lakh new Kisan Credit Cards sanctioned with a loan limit of Rs 25,000 crore * Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards * Rs 86,600 crore loans approved for 63 lakh farmers in March and April * Support of Rs 4,200 crore provided to states under RIDF during March for developing rural infra * Rs 30,000 crore additional emergency working capital fund to be provided by NABARD * Rs 10,000 crore spending towards payment of wages under MNREGA till May 13 * enrollment drive being undertaken for returning migrants * Free foodgrain supply to about 8 crore migrants for 2 months; entailing spending of Rs 3,500 crore * States as implementing agency to provide 5 kg grains per person and 1 kg chana per family per month * 'One Nation One Ration Card' to be implemented by March 2021; migrants to access any PDS shop anywhere * Govt to launch Affordable Rental Housing Complexes for migrant and urban poor under PMAY * Relief of Rs 1,500 crore through 2% interest subvention for prompt repayment of MUDRA Shishu loan up to Rs 50,000 * Rs 5,000 crore Special Credit Facility for 50 lakh street vendors with initial working capital of Rs 10,000 * Rs 6,000 crore Compensatory Afforestation Management & Planning Authority (CAMPA) fund for job creation * Credit-linked subsidy scheme for affordable housing for middle class families extended till March 2021; resulting in over Rs 70,000 crore boost for housing sector.
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