FM Nirmala Sitharaman’s key announcements: All you need to know

Union Finance Minister Nirmala Sithraman announced economic relief measures for Covid-affected sectors.

The government has announced Rs 1.1 lakh crore loan guarantee scheme to support the economy, battered by the pandemic.

Additional Rs 1.5 lakh crore has been announced for the emergency credit line guarantee scheme that was launched as part of Atma Nirbhar Bharat Package in May last year.

Credit guarantee scheme to facilitate loans for 25 lakh through microfinance institutions with a maximum loan tenure of three years.

Financial support to more than 11,000 registered tourist guides/travel and tourism stakeholders

Additional amount of Rs 14,775 crore to be provided and includes Rs 9,125 crore, additional subsidy for DAP and Rs 5,650 crore, additional subsidy for NPK (nitrogen, phosphorus, and potassium) based complex fertiliser.

The scheme has been extended till November 2021; 5 kg food grains will be provided free of cost to NFSA beneficiaries.

The scheme is focused on short-term emergency preparedness with an emphasis on children, pediatric care.

Extension and upgradation of BharatNet to cover all Gram Panchayats and inhabited villages.

Proposed to infuse equity in Export Credit Guarantee Corporation (ECGC) over five years to boost export insurance cover by Rs 88,000 crore

Rs 30,000 crore boost for Project Exports through National Export Insurance Account

Package of Rs Rs 77.45 crore proposed for financial restructuring and infusion of funds.

The Finance Minister announced measures to improve farmer's income and malnutrition in the country

The new policy will be formulated for appraisals and approval of PPP proposals and monetisation of core infra assets, including through InvITs.

Rs 3.03 lakh crore for reform based result linked power distribution scheme.

The scheme provides an incentive of 6% to 4% on incremental sales of goods under target segments.

The free tourist visa scheme comes with a total financial implication of Rs 100 crore.

Around 21.42 lakh people have benefited from the scheme till June 18, 2021, with a total outgo of Rs 902 crore. The beneficiaries are spread around 79,577 establishments.