- Prime Minister Narendra Modi on Tuesday announced a package of 20 lakh crore rupees under the Self-Reliant India Campaign.
- Finance Minister has been giving a breakup of this package for the last three days, so far a breakup of Rs 18 lakh crore has been given.
May 16, 2020, 04:11 PM IST
new Delhi. Finance Minister Nirmala Sitharaman held a fourth press conference on Saturday for the Prime Minister's stated package of 20 lakh crore to overcome the crisis of Corona epidemic. He said that self-reliance does not mean that we are separated from the world. Many sectors need policy related activities. Prime Minister Narendra Modi on Tuesday announced a package of 20 lakh crore rupees under the Self-Reliant India Campaign. After which the Finance Minister has been giving its breakup for the last three days. So far, a breakup of 18 lakh crore rupees has been given.
https://www.youtube.com/watch?v=2LQb-DUszk0 [/ embed]
18 lakh crore rupees
7.35 lakh crore rupees released in first package
According to the information, the first package was released by the Prime Minister on 25 March for Rs 1,70,000 crore. From then onwards, RBI announced in several stages. That is, a total package of Rs 7,35,000 crore was released before the Prime Minister's announcement. It had a Prime Minister's package of 1.70 lakh crore rupees. While the RBI announced Rs 5,65,200 crore on different days to increase liquidity in the market.
5.94 lakh crore rupees released in second package
The second package was released by the Finance Minister on Wednesday. This was a package of Rs 5,94,250 crore. In this package, a total of Rs 3,70,000 crore was released for SMEs including loans, collateral, debt and equity etc. Similarly, Rs 9,250 crore was released for EPF. Liquidity of Rs 75,000 crore was given for NBFCs, HFCs, MFIs i.e. Non-Banking, Housing Finance and Micro Finance. 90,000 crore rupees were announced on the same day for discoms, power companies. While Rs 5,000 crore was declared on the deductions of TDS, TCS.
3.16 lakh crores released in the third package
On Thursday, Rs 3,16,000 crore was released in the third package. This includes Rs 3,500 crore for PDS, Rs 1,500 crore for Shishu Loan under Mudra Yojana, Rs 5,000 crore for Special Credit Facility Street Vendors, Rs 6,000 crore for CAMPA, Rs 30,000 crore for NABARD, for Credit Kisan Card 2 lakh crores, Rs 70,000 crores released for credit linked subsidy.
1.55 lakh crore rupees released in fourth package
On Friday, an amount of Rs 1,55,000 crore was released in the fourth package phase. It mainly focused on strengthening agricultural infra. One lakh crore rupees were announced for this. While other announcements were made such as Rs 15,000 crore for animal husbandry, Rs 500 crore for top to total. In this way, 18 lakh crore rupees have been received from the package of Rs 20 lakh crore announced for self-sufficient India. Now only Rs 2 lakh crore is left, which can be announced on Saturday. 20 lakh crore rupees is 10 percent of India's GDP.