8 Economic measures announced by Sitharaman

8 Economic measures announced by Sitharaman for relief : Union Minister’s key highlights

8 Economic measures announced by Sitharaman
Photo : NDTV
Union Minister Nirmala Sitharaman announced 8 economic relief measures to various sectors.
She announced a huge relief for Covid affected sectors , job benefits, easier loans, tourism booster and a step toward great economy.

1) Relief measure for Covid affecters :

  • ₹ 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.
  • Under this scheme,₹ 50,000 crore would be for the health sector and ₹ 6000 crore for other sectors.

2) Relief measure for Emergency Credit :

  • The FM announced additional ₹1.5 lakh crore for the Emergency Credit Line Guarantee scheme.

3) Relief measure for health sector :

  • The funding of ₹23,220 crore is aimed to increases ICU beds, oxygen availability, medical equipment availability etc.

4) Relief measures for insurance :

  • The Ministry of Finance also announced additional corpus to National Export Insurance Account (NEIA) over 5 years to allow it to underwrite additional ₹33,000 crore of project exports.
  • It also proposed ₹88,000 crore boost to export insurance cover.

5) Support for enhancing tourism

  • Financial support to over 11,000 tourist guides, tourism stakeholders.

6) Relief for tourists :

  • Free tourist visa to 5 lakh tourists.
  • The scheme will be applicable till March 31, 2022, or till 5 lakh visas are issued, whichever is earlier.

7) Support for Aatmanirbhar Bharat :

  • Extension of Aatmanirbhar Bharat Rozgar Yojana.
  • FM Sitharaman extended Aatmanirbhar Bharat scheme from June 30, 2021 to March 31, 2022.
Also read : NTPC released its energy compact goals

8) Support for monetisation.

  • New streamlined process for PPP projects and asset monetisation.
8 Economic measures announced by Sitharaman

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