FM Sitharaman announces 8 new schemes to boost economy: Key points - Hindustan Times
close_game
close_game

FM Sitharaman announces 8 new schemes to boost economy: Key points

By | Written by Karan Manral | Edited by Amit Chaturvedi, New Delhi
Jun 28, 2021 05:40 PM IST

The schemes have been announced with a special focus on health and tourism.

Union finance minister Nirmala Sitharaman on Monday announced eight economic relief measures for sectors which have been hit hard by the second wave of the Covid-19 pandemic. Tourism and health sectors were the primary focus of the announcements made by Sitharaman.

Union finance minister Nirmala Sitharaman (File Photo)
Union finance minister Nirmala Sitharaman (File Photo)

Also Read: To boost economy, finance minister Sitharaman announces 8 new schemes with health, tourism in focus

Hindustan Times - your fastest source for breaking news! Read now.

Here are some key announcements made by the finance minister:

(1.) Atmanirbhar Bharat Rozgar Yojana extended till March 31, 2022, from June 30, 2021. “More than 21 lakh people from 80,000 establishments have already benefited,” Sitharaman said.

(2.) The government has extended the scope of the emergency credit line guarantee scheme. As such, 1.5 lakh crore have been added to the existing corpus of three lakh crore.

(3.) A completely new credit guarantee scheme to facilitate loans to 25 lakh people through micro finance institutions (MFIs) has also been announced.

(4.) Lending of up to 1.25 lakh announced with the focus on new lending and not on repayment of old loans. All borrowers (including defaulters up to 89 days) are eligible.

(5.) On the resumption of international travel, visas will be provided free of cost to the first five lakh travellers coming to India. Scheme applicable till March 31, 2022, or will be closed upon the completion of the five-lakh quota.

(6.) A new loan guarantee scheme will support 10,700 regional-level tourist guides, as well as travel and tourism stakeholders. However, these should be recognised by the Union ministry of tourism and the respective state governments.

(7.) A financial expenditure of 93,869 crore will be used for the distribution of ration to poor people. This will take the total money spent on Pradhan Mantri Garib Kalyan Anna Yojana to 227,841 crores.

(8.) 23,220 crore have been allotted for public health, with special focus on paediatric care. The money will be used in the current financial year itself.

(9.) An additional protein-based fertilizer subsidy of nearly 15,000 crores for farmers.


Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On