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In major Covid relief, FM Nirmala Sitharaman announces monetary support for several sectors

  •   Mon, Jun 28 2021 04:35:19 PM

New Delhi, Jun 28 (IANS): Centre on Monday announced eight economic relief measures for India Inc, state governments as well as microfinance credit users.

Accordingly, Finance Minister Nirmala Sitharaman announced these measures here.

The schemes entail the enhancement of existing relief measure such as ECGLS and support for state governments.

Besides, a total of four new measures were announced to provide loans to microfinance credit users as well as the tourism industry.

Further, FM announced a Rs 50,000 cr guaranteed loan for the creation of medical infrastructure.

She said that the ECLGS scheme will be enhanced by Rs 1.5 lac crore.

Furthermore, the FM announced a Rs 1.1 lac crore loan guarantee for the scheme for Covid affected sectors.

She said that the first 5 lac tourist visa will be issued free of charge. This step will be taken once the visa issuance start.

Apart from these, the Atmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022, entailing the government nearing PF liability of employees and employers depending on the size of the organisation.

 

 

 
  

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Comment on this article

  • Charles D'Mello, Pangala

    Tue, Jun 29 2021

    Loan mela has started. People to make use of this the most, before all money goes to Gujarath.

    DisAgree [5] Agree [12] Reply Report Abuse

  • Fatima, Bajegoli/Karkala

    Tue, Jun 29 2021

    Chopra, New Delhi It's true. During UPA Government debt was more and are giving subsidy to the people in petrol and diesel prices. Thanks to highlight actual cause of the same.

    DisAgree [3] Agree [14] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Mon, Jun 28 2021

    Roger Palmer, rightly said. This Vicky is a creep in this Forum. I get so upset and have given enough answers but he is of a strange nature having Alien brain when we notice any comments do not reply nor disagree. I think it is someone else writes on Vicky's name ame same person writes in supportung Vicky the fake identity.There is a limit for any thing. What sarcaism ?

    DisAgree [14] Agree [12] Reply Report Abuse

  • Pramila.K, Mulki

    Tue, Jun 29 2021

    Vicky, Mangalore Your post is highly informative. Some things we didn't unaware earlier. Myself and my husband love to read often. Never miss ever. One of good good commentator in DW who likely challenge one and all. Keep it up of your good work.

    DisAgree [9] Agree [14] Reply Report Abuse

  • Hegde, Bangalore

    Mon, Jun 28 2021

    All points well covered already Reduce fuel price etc .. school fees .. wherever immdt relief So many areas ..all requires good team ... Tamilnadu has taken advisors now Raghuram Rajan .. other senior .. team of 5 ... Fundamental no demand .. supply is there .. Pakora Walahs Chai walahs are Ready with their products .. Nobody sitting to eat / drink pakodas + chai

    DisAgree [1] Agree [18] Reply Report Abuse

  • Roger, Palimar

    Mon, Jun 28 2021

    Only solution to stupid, ignorant and senseless statements or comments of Vicky is to ignore him totally. Don't reply/answer or comment to his comments.... doing so he will go away from here.....

    DisAgree [12] Agree [15] Reply Report Abuse

  • Ahmed, Mangalore

    Mon, Jun 28 2021

    WHETHER THEY ARE INTENTIONALLY ANNOUCING THIS MEASURES OR NO. I DONT KNOW BUT ONE THING I WANT TO SAY THAT PUT MONEY IN THE HANDS OF ALL THE CITIZENS OF THIS COUNTRY AS EMERGENCY LOANS. WHEN YOU GIVE MONEY BY MEANS OF EMERGENCY OVERDRAFT IN THEIR ACCOUNT FOR SAY 12 MONTHS IT IS BETTER, USING THESE MONEY TO CREATE DEMAND FOR GOODS GOODS AND SERVICES. OTHERWISE NO USE BY GIVING FINANCIAL SUPPORT TO TRAVEL AND TOURISM. FURTHER, ITS A LAST SECTOR THAN THE IMMEDIATE NECESSITY. IF YOU OFFER FREE 5 LAKH VISAS, IT IS NOT BECAUSE THEY HAVE NO MONEY TO PAY FOR VISA FEE, IT S BECAUSE OF PANDEMIC STILLL EXISTS AND CONTINUING AND IMMEDIATE NECESSITY IS ARE FOOD, UTILITIES, HOUSE RENT, SCHOOL FEE, TO GET MEDICAL TREATMENT FOR THEIR ANXIETY AND DEPRESSION. DONT CREATE FAKE PROGRAMMES OR SCHEMES LIKE 15 LAKHS BLACKMONEY BACK TO 140 CRORES ACCOUNT, OR LAST YEARS 20 LAKHS CRORES PACKAGE WHAT HAPPENS TO THAT, ONLY CORPORATES GOT THAT MONEY AND PUMPED TO THE STOCK MARKETS, NO ONDUSTRIES SURVIVED AND STILL IT IS CONTINUED JOB INDUSTRY , NO JOBS, AND IN ADDITION INFLATION. MIDDLE CLASS PEOPLE ONLY SUFFER FEW CORPORATES ONLY SURVIVE PERSONALLY AND THEY ARE THE GREAT PEOPLE OF ASIAS NUMBER ONE TWO AND THREE LIKE, ONLY GOD SAVE AND NOT INDIAN DEMOCRACY

    DisAgree [1] Agree [9] Reply Report Abuse

  • Ajay Rebello, Kallianpur

    Mon, Jun 28 2021

    Madam please reduce petrol/ diesel prices.

    DisAgree [1] Agree [27] Reply Report Abuse

  • Jossey Saldanha, Nallasopara

    Mon, Jun 28 2021

    Rs. 15 Lacks was also an Announcement ...

    DisAgree [5] Agree [31] Reply Report Abuse

  • Brice Dsouza, Mangalore/Canada

    Tue, Jun 29 2021

    Jossy it was spelling error.BJP promissed 15 (pondra pondra laath) why you people come to conclussion monitory support😎😊😉🤣😂😁😀

    DisAgree Agree [4] Reply Report Abuse

  • Manohar, Udupi

    Mon, Jun 28 2021

    Jumle......virtual........invisible.

    DisAgree [4] Agree [23] Reply Report Abuse

  • Sameer, Riyadh

    Mon, Jun 28 2021

    @ Vicky Chopra, Mangalore/New Delhi, Exactly my point. You did agree that the crude oil prices were so high during the UPA tenure and UPA had to resort to oil bonds and not to burden the common man. So the million dollar question to you is why is BJP looting people when the crude prices are half of what it was during UPA? Now it is clear that NDA has not repaid anything on the bonds forefront. So where is the money looted in the form of taxes in petrol going? Please don't try to that it is being spent to feed the poor. Poor existed even during UPA time. Infra and other projects existed even during the UPA time. Hathi ke daant dikhaane ke kuch aur hai aur kaatne ke kuch aur hai. BJ party is just doing day light robbery.

    DisAgree [8] Agree [37] Reply Report Abuse

  • Rajan, Mangalore

    Mon, Jun 28 2021

    GDP declining since 2014 - can check GDP stats- Only A basic check -- no buyers for apartments-

    DisAgree [4] Agree [28] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Jun 28 2021

    Sorry to say she trapped in guujus hand. And a announced 20lakhs crores fake promise.

    DisAgree [5] Agree [28] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Jun 28 2021

    No wonder.... why strike/dharna/agitation not happening on streets....!!!!, coz.. it is but obvious.... all thugs & jokara's were part of the consortium & associated with govt......,, Jokara theory....

    DisAgree [6] Agree [25] Reply Report Abuse

  • k b r, Mangala Uru

    Mon, Jun 28 2021

    after a long time this lady shown face... she came out of house, after covid figures came down... 15 lakhs per person became joke... free vaccine for all is joke... now this lady cracking more jokes...

    DisAgree [4] Agree [29] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Mon, Jun 28 2021

    Veer, Nagpur what a visionary reply to Bicky Chopra. Looks like his brain is effecyed by dung formula. Should be debared from worng place to his original place. Where is Bhaksala. He can issue some strict instrutions in this regard.

    DisAgree [5] Agree [17] Reply Report Abuse

  • Jeevan, Kudla

    Mon, Jun 28 2021

    We will not Vote anymore to BJP for jumla like 15 lacs in each account

    DisAgree [3] Agree [25] Reply Report Abuse

  • Veer, Nagpur

    Mon, Jun 28 2021

    Sad part is even if one doesn’t vote BJP votes automatically go to BJP. Until and unless this is stopped nothing is going to change.

    DisAgree [4] Agree [22] Reply Report Abuse

  • Dinesh, Udupi

    Mon, Jun 28 2021

    ಓ ನಿರ್ಮಲಕ್ಕ. ಎಂಕೊಂಜಿ ಪತ್ತ್ ರುಪಾಯ್ದ ಲೋನ್ ಈರೆನ ಸ್ಕೀಮ್ 'ದ್ ಕೊರೊಲಿಯ ....

    DisAgree [5] Agree [25] Reply Report Abuse

  • Veer, Nagpur

    Mon, Jun 28 2021

    She will say ‘ Inda Patth’. Look down what you are catching????…..

    DisAgree [4] Agree [21] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Jun 28 2021

    Let us wait for Prabhakara's views....,

    DisAgree [4] Agree [14] Reply Report Abuse

  • Rajan, Mangalore

    Mon, Jun 28 2021

    ‘Emergency Credit Line Guarantee Scheme --ECGLS ---- Unfortunately very few can borrow because bank conditions are too complicated-- -- ALSO BANKS are first adjusting ( recovering ) like loan sharks any facility given to borrower by GOVT --- BASIC IS THIS IS A DEMAND SIDE PROBLEM - NOT SUPPLY SIDE -- Because No Demand --- means most factories are going bankrupt or near -- because of lack of orders - even many other service industries - possibly like interior decorators -- TOURISM etc - IT IS BASIC -- only if there is demand creation - will we ' ve revival - Country In a ICU situation - what is needed today FOR ICU - is unfortunately not worked out - all plans are long term --- THE USA / many countries has helped with stimulus checks - that means cash with families -IMMEDIATE-

    DisAgree [2] Agree [14] Reply Report Abuse

  • Sunil K, Mangalore

    Mon, Jun 28 2021

    Vicky Chopra, Mangalore/New Delhi - stop spreading distorted facts about the economy - your comments are hurting Mother India. FM Nirmala is completely clueless on how to rescue the economy destroyed by BJP during it's reign of the last 7 years.

    DisAgree [9] Agree [30] Reply Report Abuse

  • Ozy, Surathkal

    Mon, Jun 28 2021

    Madam please don't talk about atmanirbhar. Atma is dead because of exorbitant fuel prices .

    DisAgree [4] Agree [31] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Mon, Jun 28 2021

    Ozy, Surarthkal, I fully agree with your comments and it makes sense.

    DisAgree [4] Agree [8] Reply Report Abuse

  • Veer, Nagpur

    Mon, Jun 28 2021

    Why are you faking openly??????……You have not paid basic salaries, DA and DR of govt employees then where is the money coming from to support several sectors?????…….BJP faking Bindas. No harm in interim relief to fool people and they will forget thier demands eventually anyway.

    DisAgree [5] Agree [17] Reply Report Abuse

  • Mangalurian, Mangaluru

    Mon, Jun 28 2021

    Loans don't help in a struggling economy. Micro-businesses are hardly making ends meet because there are NO CUSTOMERS! What will they with a loan? Loans do not attract new customers. Smarter nations in the developed world have boosted demand. The present Central Government has no clue how to revive the economy. Wrong people.

    DisAgree [5] Agree [32] Reply Report Abuse

  • Vicky Chopra, Mangalore/New Delhi

    Mon, Jun 28 2021

    Our economy collapsed during MMS when our reserve collapsed and available only for ten days. Immediately government devalued rupee much on that time to sustain the same. Made wrong move. Even introduced Oil Bonds as not able to pay the bill for import of crude oil. Present govt paid all. Haathi ke daath deekhane ke aur..aandhar ki baat aur.

    DisAgree [66] Agree [22] Reply Report Abuse

  • Veer, Nagpur

    Mon, Jun 28 2021

    Stop ultra faking. How india can introduce oil bonds, its not oil producing country??????……No surprise here Blind bhakths trained by BA fail MA pass chaiwala following mega faking trend. Can you explain how GDP fell to negative -35% and unemployment 45 years low after 2014???????…….Fake as your name itself.

    DisAgree [6] Agree [41] Reply Report Abuse

  • Jeevan, Kudla

    Mon, Jun 28 2021

    Vicky Chopra, Mangalore/New Delhi why don't you say our 'Oxygen' collapsed as well during Nehru time

    DisAgree [5] Agree [19] Reply Report Abuse

  • Sameer, Riyadh

    Mon, Jun 28 2021

    @ Vicky Chopra, Mangalore/New Delhi Fact Check for the Dumb and Ignorant : The UPA government issued bonds valued at Rs 1.44 lakh crore between 2005 and 2010. However, only two bonds worth Rs 1,750 crore each matured during the tenure of the NDA government. This implies that the government has only repaid Rs 3,500 crore. The next payment will be due in October 2021. No new bonds were issued hence. Oil bonds were issued by the UPA government when fuel prices were regulated. By doing so, the government shielded customers and domestic businesses from the vagaries of the global market for crude oil. People like you should first know what is oil bonds before commenting by following the whatsapp university. Your lies stand exposed.

    DisAgree [7] Agree [19] Reply Report Abuse

  • Vicky Chopra, Mangalore/New Delhi

    Mon, Jun 28 2021

    Oil bonds are government securities issued to Oil Marketing Companies. Between 2005 to 2010 Oil bond worth Rs.1.4 lakh crores are issued by UPS government to keep petrol and diesel prices steady in market. Its long for six to ten years. Wants to pay latter to Oil Marketing Companies which now fall into the part of NDA government. People enjoyed petrol and diesel prices inspite of international price of crude oil was high during UPA regime. Its same like Debit and Credit card...buy whatever you like...latter on to pay. For that reason NDA govt increasing petrol and diesel prices occasionally.

    DisAgree [28] Agree [16] Reply Report Abuse

  • Ajja, Mangalore

    Mon, Jun 28 2021

    If fuel prices are reduced every sector will get relief madam. Why simply crore crore crore nursery hymn always?

    DisAgree [3] Agree [42] Reply Report Abuse

  • BASIL DSOUZA, Mangalore

    Mon, Jun 28 2021

    Big Bomb...will it make sound or it will be tusssssssssssss.

    DisAgree [3] Agree [43] Reply Report Abuse

  • PRAVEEN HEGDE, MANGALORE

    Mon, Jun 28 2021

    99.999% TUSS. ONLY ANNOCEMENT FOR PUBLICITY. REDUCE PETROL / DESIL RATE AND SUPPORT THE COMMON MAN.

    DisAgree [4] Agree [44] Reply Report Abuse

  • Altaf Sheikh, Derebail, Mangaluru

    Mon, Jun 28 2021

    50000 Crore!!!!!!! Arre Wah....

    DisAgree [3] Agree [33] Reply Report Abuse

  • Vicky Chopra, Mangalore/New Delhi

    Mon, Jun 28 2021

    Altaf...Gotala in Karnataka Wakf Board around Rs.2 lakh crores. Unimaginable. Din Dahade Loot.

    DisAgree [46] Agree [18] Reply Report Abuse


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Title: In major Covid relief, FM Nirmala Sitharaman announces monetary support for several sectors



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