33 C
Mumbai
Saturday, July 31, 2021
Home NEWS Highlights: Nirmala Sitharaman announces measures under Atmanirbhar 3.0 to revive economy

Highlights: Nirmala Sitharaman announces measures under Atmanirbhar 3.0 to revive economy

Union finance minister Nirmala Sitharaman on Tuesday introduced the third tranche of Atmanirbhar scheme with a view to revive the Indian economy which is affected by the coronavirus (Covid-19) pandemic.

During a press briefing this afternoon , she began by saying that the Indian economy has been witnessing a robust restoration including {that a} stronger progress is anticipated within the third quarter.

She went on to expanded the scope of a few of the present schemes under Atmanirbhar 1.0 and Atmanirbhar 2.0.

Thereafter, a complete of 12 bulletins had been made under Atmanirbhar 3.0 associated to employment era, manufacturing, housing, analysis and growth for a Covid-19 vaccine and plenty of others which amounted to 2.65 lakh crores.

Her tackle comes a day after the Centre authorized a Rs 2 lakh crore production-linked incentive (PLI) package deal to increase demand in India. Union minister Prakash Javadekar had stated that the aim of the PLI scheme is to make the nation a world manufacturing hub.

Follow highlights of the finance minister’s press briefing right here: 

– Size of stimulus supplied by Centre as a part of bulletins under Aatmanirbhar Bharat 3.0 quantities to Rs 2.65 lakh crores: Sitharaman

With ending her briefing, Union finance minister Nirmala Sitharaman stated the scale of the stimulus being supplied by the federal government, as a part of the 12 bulletins made under the Aatmanirbhar Bharat 3.0, quantities to Rs 2.65 lakh crores. She added 15% of nationwide GDP as stimulus takeaway.

– Rs 900 crore given for Covid-19 vaccine analysis and growth, says FM

While speaking in regards to the vaccine to fight the novel coronavirus (Covid-19), Union finance minister Nirmala Sithraman stated {that a} whole quantity of 900 crores has been supplied for COVID Suraksha Mission for analysis and growth of the Indian COVID vaccine to the Department of Biotechnology.

-Rs 3,000 crores can be launched to EXIM Bank for promotion of undertaking exports: Sitharaman

“Rs 3,000 crores will be released to EXIM Bank for promotion of project exports through Lines of Credit under IDEAS Scheme. Supported projects cover Railways, power, transmission, road and transport, auto and auto components, sugar projects etc,” Nirmala Sitharaman stated.

-Additional outlay of Rs 10,000 cr to be given under PM Garib Kalyan Rozgar Yojana to increase rural employment: FM

Apart from incentivising job creation throughout Covid-19 restoration section by way of the ‘Atmanirbhar Bharat Rozgar Yojana’, the finance minister additionally stated that an extra outlay of Rs 10,000 crore can be given under the PM Garib Kalyan Rozgar Yojana to increase rural employment.

-Providing Rs 6000 Crores of Equity to Debt Platform of NIIF: Sitharaman

The Union finance minister stated Rs 6,000 of fairness is being given to the debt platform of National Investment and Infrastructure Fund (NIIF) the place personal fairness participation can even are available. NIIF itself has invested Rs 2,000 Crores, she added.

 

-Nirmala Sitharaman announces earnings tax aid for builders and residential consumers

Sitharaman introduced an earnings tax aid for builders and residential consumers so as to scale back hardships confronted by each house consumers and builders for clearing unsold stock.

 

– Rs 18,000 cr to be supplied over and above the finances estimate under Pradhan Mantri Awas Yojana for city areas: Sitharaman

Finance minister Nirmala Sitharaman stated a complete quantity of Rs 18,000 Crores can be supplied over and above the finances estimate talked about within the Budget 2020-21 under the Pradhan Mantri Awas Yojana. notably for the city areas.

-10 new champion sectors to be coated under Production Linked Incentives Scheme: FM

With a view to increase competitiveness of home manufacturing, 10 new Champion sectors will now be coated under the Production Linked Incentives Scheme, Sithraman stated. A complete quantity of Rs 1.46 lakh crore can be given for a similar, she added.

-FM launches credit score assure help scheme for healthcare, 26 sectors

Sitharman launched a credit score assure help scheme for healthcare and 26 sectors which can be burdened due Covid-19 disaster . Entities will get an extra credit score up to 20% of excellent credit score and compensation might be performed in 5 years’ time (1 12 months moratorium + 4 years compensation), she added.

-Existing Emergency Credit Line Guarantee Scheme prolonged until thirty first March 2021: Sitharaman

The Union finance minister stated that present Emergency Credit Line Guarantee Scheme which is part of Atmanirbhar Bharat has been prolonged until thirty first March, 2021 including that the mortgage is absolutely assured and collateral free.

-‘Scheme being launched to incentivise job creation during virus recovery phase’: Sitharman

Nirmala Sitharaman throughout her press briefing stated {that a} new scheme named ‘Atmanirbhar Bharat Rozgar Yojana’ is being launched to incentivise creation of latest employment alternatives in the course of the coronavirus (Covid-19) restoration section.

 

This scheme can be relevant for these becoming a member of employment in EPFO registered institutions on month-to-month wages much less which than Rs 15,000 monthly, she added.

Rs 1.32 L-cr given to 39.7 lakh taxpayers as Income Tax refunds, says FM

Finance minister Nirmala Sitharman added that Rs 1,32,800 crores has gone as income-tax refunds to 39.7 lakh taxpayers.

-Sitharaman provides particulars about progress of key objects under Atmanirbhar Abhiyaan 2.0

The finance minister began discussing the progress of key objects under Atmanirbhar Abhiyaan 2.0. Sitharman stated a competition advance has been launched under which SBI Utsav playing cards are being distributed.

A complete quantity of Rs 25,000 crores has been supplied as extra capital expenditure to the ministry of highway transport and the ministry of defence, she added

11 states have been sanctioned Rs 3,621 crores as an interest-free mortgage in direction of capital expenditure, Sitharaman stated.

-‘Rs 7,227 crores disbursed to NBFCs/HFC’: Finance minister

Nirmala Sitharaman whereas giving particulars of the progress of key objects under Rs 7,227 crores stated a complete quantity of Rs 7,227 crores has been disbursed to Non-banking monetary corporations (NBFCs) and Housing finance corporations (HFCs).

She added that under the Emergency Credit Liquidity Guarantee Scheme, a complete quantity of Rs 2.05 lakh crores has been sanctioned to 61 lakh debtors, out of which Rs 1.52 lakh crores has been disbursed.

– Credit increase has been given to 2.5 crore farmers by way of Kisan Credit Cards, ₹ 1.4 lakh crore has been distributed to farmers: Sitharaman

While talking about Kisan Credit Cards, the finance minister help {that a} credit score increase has been given to 2.5 crore farmers by way of these playing cards and Rs 1.4 lakh crores has been distributed to farmers.

Work has commenced to begin a portal for migrant employees, says Nirmala Sitharaman

Sitharaman stated the labour ministry together with the finance ministry and different involved ministries are working collectively intently with the States, and the work has commenced on making a portal for migrant employees.

– Sitharaman provides particulars about progress of key objects under Atmanirbhar Abhiyaan 1.0

The finance minister by way of a presentation gave particulars of progress of some key objects under the Atmanirbhar Abhiyaan 1.0. She stated under One Nation-One Ration Card- a complete of 68.6 crore beneficiaries are coated who’ve an choice to elevate their meals grains from any FPS of any alternative within the 28 states and union territories (UTs) introduced under the nationwide portability of ration playing cards from September 1, 2020.

While giving particulars in regards to the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) , she stated round 14 lakh loans have been sanctioned under the scheme for road distributors.

– Strong progress anticipated in third quarter: Sitharaman

The Union finance minister stated {that a} stronger progress is anticipated within the third quarter.

The economy is seeing a robust restoration, says Nirmala Sitharaman

Union finance minister Nirmala Sitharaman throughout her press briefing stated that the Indian restoration is in a state of robust restoration. The power consumption trended increased in October at 12 per cent YoY, she stated. Sitharaman additionally added that the Goods and Services Tax (GST) collections for October grossed at 1.05 lakh crore- 10 per cent YoY.

Union finance minister Nirmala Sitharaman begins addressing the press briefing

Union finance minister Niramala Sitharaman began addressing a press briefing this afternoon which comes a day after the Centre authorized a Rs 2 lakh crore production-linked incentive (PLI) package deal to increase demand in India.

( With ANI inputs)



Source link

Most Popular

EnglishGujaratiHindiMarathiUrdu