Page 434 - ES 2020-21_Volume-1-2 [28-01-21]

Fiscal Developments 61

The sequencing of fiscal stimulus provided by the Government may be seen in the Table below

Table 4: Fiscal Stimulus- Atma Nirbhar Bharat Package

Amount As % of
Sequencing of the measures
(` Crore) GDP*

Total stimulus by Government of India 1716441 8.8

March 2020

Pradhan Mantri Garib Kalyan Package 170000 0.87
PM’s announcement of health measures 15000 0.08
Revenue lost due to tax measures announced since 22.03.2020 7800 0.04

May 2020

Pradhan Mantri Matsya Sampada Yojana 20000 0.10
Additional MGNREGS allocation 40000 0.21
EPF Support for Business & Workers 2800 0.01
Reduction in EPF rates 6750 0.03

Liquidity Injection for DISCOMs 90000 0.46
Reduction in TDS/TCS rates 50000 0.26
Free Food grain Supply to Migrant Workers for 2 mths 3500 0.02
Collateral Free Automatic Loans Facility for Business including 300000 1.54
MSMEs
Subordinate Debt for Stressed MSMEs 20000 0.10
Equity Infusion through Fund of Funds for MSME 50000 0.26

Special liquidity Scheme for NBFC/HFC/MFIs 30000 0.15
Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs 45000 0.23
Interest Subvention for MUDRA Shishu Loans 1500 0.01
Special Credit Facility to Street Vendors 5000 0.03
Extension of Credit Linked Subsidy Scheme for Middle Income group 70000 0.36
(Housing Sector)
Additional Emergency Working Capital through NABARD 30000 0.15
Additional credit through KCC 200000 1.03

Food Micro enterprises 10000 0.05
TOP to TOTAL: Operation Greens 500 0.00
Agri Infrastructure Fund 100000 0.51
Animal Husbandry Infrastructure Development Fund 15000 0.08
Promotion of Herbal Cultivation 4000 0.02
Beekeeping Initiative 500 0.00
Viability Gap Funding Scheme for Social Infrastructure projects 8100 0.04