Learn what the big announcement is today, the details, to help the economy

6,28,993 crore to support various sectors including healthcare, MSME, tourism and export sectors in the economy affected by the second wave of Kovid-19. The deadline for the Self-Reliant India Jobs Scheme, which was launched in October last year, has been extended till March 2022 to promote new hires in the conglomerate. Under this, the government will contribute to the Employees Future Fund contribution.

The Finance Minister announced a Rs 10 lakh crore debt guarantee scheme for other sectors, including health infrastructure, which has been hit by the Kovid epidemic. At the same time, the size of the Emergency Loan Guarantee Scheme announced under the Atharbhavara Bharat package in May last year has been increased from Rs 1.50 lakh crore to Rs 4.50 lakh crore. Under the scheme, the guarantee and loan limit is proposed to be increased from the existing balance of 20 per cent.

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The Finance Minister has announced this new stimulus package for economic revival during the second wave of coronavirus virus occurring in April and May at the beginning of this financial year. Has given. During this time, issues of medical shortage, lack of oxygen, and availability of drugs became particularly prominent.

In the new stimulus package, the Finance Minister has announced a Rs 50,000 crore debt guarantee scheme to complete existing projects and develop new projects in the health sector. This project promotes the development of health infrastructure mainly in backward and backward districts. It has a maximum loan of up to Rs 100 crore and a guaranteed term of three years. The loan will be offered at an interest rate of 7.95 per cent. At the same time, other sectors other than the health sector will be given a loan guarantee of Rs 60,000 crore, which will be available at an interest rate of 8.25 per cent.

Under a new scheme focused on short-term emergency preparedness with children and pediatrics and medical beds in the public health sector, the finance minister will spend Rs 23,220 crore a year. The central government’s share of this is Rs 15,000 crore. Under this, the emphasis will be on enhancing human resources in the medical field, enhancing ICU beds and providing oxygen at the sub-district, district and central level through medical and nursing students.

The Finance Minister said Rs 2.69 lakh crore has been disbursed to 1.1 crore units under the Emergency Credit Facility Guarantee Scheme (ECLGS) so far. This includes 12 public sector banks, 25 private sector banks and 31 non-bank finance companies. The total loan guarantee limit under the scheme has been increased from Rs 3 lakh crore to Rs 4.5 lakh crore.

The finance minister has announced that he will guarantee loans up to Rs 1.25 lakh to the borrower through microfinance institutions for small loans. The scheme aims to provide loans to 25 lakh small customers. For this, the government has set a two per cent interest rate on the minimum loan cost (MCLR) rate from banks. Under the scheme, banks will lend to NBFCs and microfinance institutions, which will be further lent to small borrowers. 7,500 crore from the Treasury in the current financial year.

Sitharaman has announced more than 11,000 registered tourist guides, travel and tourism sector units in the industry. For travel and tourism stakeholders (TTS), loans up to Rs 10 lakh are guaranteed 100%, while the government guarantees loans up to Rs 1 lakh for licensed travel guides. The project will be managed by the Ministry of Tourism. At the same time, the finance minister has announced the issuance of five lakh visas free of charge, after restrictions on promotion of the tourism sector are over. 100 crores for free visa coffers.

From the point of view of employment, the benefits offered under the Bharat Rojgar Scheme launched to create new jobs for the industries will be available till March 22, 2022. Under the plan, the government will pay 24 percent of the total salary on behalf of the employer and employee, on their new employer, at the 1,000-employee firm. At the same time, in companies with more than one thousand employees, 12 per cent of the employees are paid by the government. Under this scheme, till June 18, 2021, out of 79,577 institutions, 21.42 lakh beneficiaries will receive Rs.

In agriculture, the government has announced an increase of Rs 42,275 crore and an additional Rs 14,775 crore in this year’s budget to maintain the availability of fertilizers at affordable prices to farmers. This includes D-Ammonium Phosphate (DAP) worth Rs 9,125 crore. 5,650 crore for NPK. Pradhan Mantri Garib Kalyan Anna has announced that the government will provide free grains to the government during the corona period, when many people lose their jobs. The project was launched on March 26 last year. Under this, five kg of extra cereals was made available to the beneficiaries of the National Food Security Act. Last year the project was put into effect until November 2020. This year, it is scheduled to go into effect from May to November, in view of Corona’s second wave. The cost of distribution of free food grains is estimated at Rs 93,869 crore this year, which is a total financial burden from the scheme last year and Rs 2,27,841 crore for the government this year.

The Finance Minister has announced a Rs 33,000 crore Guarantee Scheme to increase exports under the National Export Insurance Account (NEIA). Under this, NEIA will be able to guarantee an additional Rs 33,000 crore project exports over the next five years. In addition, the Export Credit Guarantee Corporation (ECGC) intends to provide export insurance coverage for a period of five years, which will cover export insurance coverage of over Rs 88,000 crore.

The Public Private Partnership (PPP) model will work to connect every village in the country with a broadband facility through Bharat Net. The project is estimated to cost Rs 19,041 crore from 2021-22 to 2022-23. In addition, the Finance Minister has extended the period of production-based incentives for large-scale electronics production.

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In addition, revitalizing the Northeast Regional Agricultural Market Corporation will improve agriculture, purchasing, processing and marketing infrastructure in the Northeast. Under this, the farmers in the area will be given 10 to 15 per cent higher prices for their produce.

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