Sentinel Digital Desk
15% of GDP given as stimulus package. The government has announced a stimulus package worth Rs 2,65,080 crores.
Under Emergency Credit Liquidity Guarantee Scheme, a total amount of ₹ 2.05 lakh crore has been sanctioned to 61 lakh borrowers, out of which ₹ 1.52 lakh crore has been disbursed: Union Finance Minister
The government will invest Rs 6,000 crore in the NIIF debt platform, which will provide infrastructure project financing of Rs 1,10,000 crore.
In a bid to boost demand in the residential real estate sector, the govt has decided to make amendments in the Income Tax Act to help home-buyers as well as developers.
In a big support for the construction and infrastructure sector, the government has announced a relaxation in the rules pertaining to Earnest Money Deposit and Performance Security on government tenders.
An additional Rs 18,000 crore will be provided under the PM Awaas Yojana - Urban over and above the Rs 8,000 crore allocated in the Budget Estimates.
The Production-Linked Incentive scheme is being expanded to include 10 Champion Sectors with a total incentive of Rs 1.46 lakh crore.
Under ECLGS 2.0, the tenure of the additional credit will be 5 years, including a one-year moratorium on principal repayment.
The Atmanirbhar Bharat Rozgar Yojana is being launched to incentivise creation of new employment opportunities during the COVID recovery phase.
The Atmanirbhar Bharat Rozgar Yojana will be applicable for eligible new employees joining EPFO-registered establishments and for those who exited these establishments during the COVID pandemic.
The establishments that will be eligible for the Scheme include those that added a specified number of employees compared to the base month of September 2020.
The govt will provide Rs 65,000 crore to farmers to ensure adequate supply of fertiliser in the upcoming crop season.
The govt will release Rs 3,000 crore to EXIM Bank for the promotion of project exports through Lines of Credit under the IDEAS scheme.
An additional Rs 10,200 crore will be provided for capital and industrial expenditure mainly for domestic defence equipment, industrial incentives, industrial infrastructure, and green energy.
The govt has allocated Rs 900 crore to the Department of Biotechnology for the research and development of an Indian COVID vaccine.