Sitharaman announces economic relief measures worth over Rs 6 lakh crore; Here's the break-up

Govt approved a Rs 1.1 lakh crore loan guarantee scheme for COVID-19 affected sectors.

With an aim to boost the economy amidst the COVID-19 pandemic, Finance Minister Nirmala Sitharaman on Monday announced a slew of new schemes and projects.

She unvealed relief measures worth Rs 6,28,993 crore. As many as eight new schemes were announced with focus on health, tourism and other sectors hit hard by the pandemic.

Addressing a press conference in New Delhi, Sitharaman said that the government has approved a Rs 1.1 lakh crore loan guarantee scheme for COVID-19 affected sectors.

Another Rs 50,000 crore has been earmarked for coverage of health sector, aimed at upscaling medical infrastructure targeting underserved areas.

The government has also pledged to provide Rs 60,000 crore for other sectors, Sitharaman said. She announced additional ₹1.5 lakh crore for the Emergency Credit Line Guarantee scheme.

Apart from these, Rs 23,220 crore more has been allotted for public health sector. With an approved outlay of Rs 22,810 crore, the Atma Nirbhar Bharat Rozgar Yojna entails subsidy for two years to new employees drawing monthly wages of less than Rs 15,000.

Rs 33,000 crore for NEIA and Rs 88,000 crore for Export Insurance Account. A revival package of ₹77.45 crore for the financial restructuring and infusion of funds to the North Eastern Regional Agricultural Marketing Corporation (NERAMAC).

Further, The FM also provided additional ₹19,041 crore for BharatNet to improve the broadband connectivity to all inhabited villages and free one month Tourist Visa to 5 lakh tourists costing Rs 100 crore.

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