AtmaNirbhar package – For rejuvenating Inidan Economy
After the announcement of 20 Lakh crore economic development package , named AtmaNirbhar package, announced by Prime Miniter Sri. Narendra Modi, Smt. Nirmala Sitharaman Finance Minister, Government of India announced the allocation of funds mentioned in the package from May 13, 2020 till May 170,2020
Following are the details
| Collateral free automatic loans to MSMEs, Govt to give 100% credit guarantee cover to banks and NBFCs on principal and interest | Rs 3 lakh crore |
| Subordinate Debt to provide equity support to stressed MSMEs, of which govt support to CGTMSE limited to Rs 4,000 crore | Rs 20,000 crore |
| Equity infusion for MSMEs through Fund of Funds, Mother Fund and few Daughter Funds to operate it, govt contribution likely to be Rs 10,000 crore to FoF | Rs 50,000 crore |
| EPF support for business and workers for 3 months | Rs 2,500 crore |
| EPF contribution reduced for business and workers for 3 months | Rs 6,750 crore |
| Special liquidity scheme for NBFCs/ HFCs/ MFIs, securities issued by them fully guaranteed by govt | Rs 30,000 crore |
| Partial Credit Guarantee Scheme 2.0 for NBFCs, first 20% loss borne by govt | Rs 45,000 crore |
| Liquidity injection by REC and PFC for Power Distribution Companies (Discoms) | Rs 90,000 crore |
| 25% reduction in TDS/ TCS rate | Rs 50,000 crore |
| Free food grain supply to migrants for two months | Rs 3,500 crore |
| Interest subvention of 2% for prompt-payees of Mudra-Shishu loans | Rs 1,500 crore |
| Special liquidity scheme to provide Rs 10,000 working capital to 50 lakh street vendors | Rs 5,000 crore |
| Credit-linked subsidy scheme for middle income families (Rs 6-18 lakh a year), with expectations it will lead to Rs 70,000 crore investment in housing industry | Rs 70,000 crore |
| CAMPA funds to be used by states for afforestation and plantation works | Rs 6,000 crore |
| Additional emergency working capital funding for farmers through Nabard | Rs 30,000 crore |
| Concessional credit to 2.5 crore farmers through Kisan Credit Cards | Rs 2 lakh crore |
| Financing facility for agri infrastructure projects | Rs 1,00,000 crore |
| Scheme for formalisation of Micro Food Enterprises | Rs 10,000 crore |
| Funding for fishermen through PM Matsya Sampada Yojana | Rs 20,000 crore |
| Animal Husbandry Infrastructure Development Fund to be set up | Rs 15,000 crore |
| Promotion of Herbal Cultivation | Rs 4,000 crore |
| Beekeeping initiatives | Rs 500 crore |
| Operation Green to be extended to all vegetables | Rs 500 crore |
| MGNREGA gets an additional Rs 40,000 crore | Rs 40,000 crore |
| New policy for public sector enterprises, strategic sectors to be notified in which there will be at least one, but not more than four, PSEs in addition to private players. | Involvement of Private Players |
| Limit of state borrowings increased to 5% of GSDP from 3% of GSDP; but only 0.5% of it (Rs 1.07 lakh crore) can be raised conditionally | Rs 1.07 lakh crore |
