Published On: Thu, May 14th, 2020

2nd tranche of economic package highlights

New Delhi: 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.

FM Nirmala Sitharaman on Thursday briefing the media in New Delhi.

* 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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