India’s Rs 20-lakh crore economic package

Union Finance Minister Nirmala Sitharaman on Sunday (May 17) provided a tranche-wise break up of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi to boost the economy in view of the coronavirus crisis. Here is the summary of all the announcements so far, totaling over Rs 20 lakh crores: 

Tranche 1: Rs 5,94,550 crore
Tranche 2: Rs 3,10,000 crore
Tranche 3: Rs 1,50,000 crore
Tranche 4+5: Rs 48,100 crore
Total: 20,97,053 crore

Tranche 1: Rs 5,94,550 crore

Emergency working capital facility for businesses: Rs 3 lakh crore,
Subordinate debt for stressed MSMEs: Rs 20,000 crore,
Fund of fund for MSMEs: Rs 50,000 crore,
EPF support for businesses and workers: Rs 2,800 crore,
Reduction in EPF rates: Rs 6,750 crore,
Special liquidity scheme for NBFCs, HFCs & MGIS: Rs 30,000 crore,
Partial credit guarantee scheme 2.0 for liabilities of NBFCs and MFIs: Rs 45,000 crore,
DISCOMS: Rs 90,000 crore.
reduction in TDS/TCS rates: Rs 50,000 crore.

Tranche 2: Rs 3,10,000 crore

Free food grain supply for migrant workers for 2 months: Rs 3,500 crore.
Interest subvention for MUDRA Shishu loans: Rs 1,500 crore.
Special credit facility for street vendors: Rs 5,000 crore.
Housing CLSS-MIG: Rs 70,000 crore.
Additional emergency WCF through NABARD: Rs 30,000 crore.
Additional credit through Kisan Credit Credit: Rs 2 lakh crore.

Tranche 3: Rs 1,50,000 crore

Micro food enterprises (MFEs): Rs 10,000 crore.
PM Matsya Sampada Yojana: Rs 20,000 crore.
TOP to TOTAL: Rs 500 crore.
Agri infra fund: Rs 1 lakh crore.
Animal husbandry infra development fund: Rs 15,000 crore.
Promotion of herbal cultivation: Rs 4,000 crore.
Beekeeping initiative: Rs 500 crore.

Tranche 4+5: Rs 48,100 crore

RBI measures: Rs 8,01,603 crore.
Revenue lost due to tax concessions announced since March 22: Rs 7,800 crore.
PM Garib Kalyan Package: Rs 1,70,000 crore.

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