Government, RBI Stimulus Measures Amount To Rs 20.97 Lakh Crore: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Sunday gave a detailed breakup of the "Atma Nirbhar Bharat Abhiyan" economic package, announced by Prime Minister Narendra Modi on Tuesday. Ms Sitharaman explained the details of the stimulus after announcing the fifth and final tranche of measures. The stimulus measures brought in by the government and the Reserve Bank of India (RBI) together add up to Rs 20.97 lakh crore, Finance Minister Nirmala Sitharaman said. The measures come as the country braces for the fourth phase of the weeks-long lockdown to curb the spread of the coronavirus (COVID-19) crisis, which has pushed an already-ailing economy into a standstill, hampered businesses and landed thousands jobless.Â
Here is the breakup of the "Atma Nirbhar Bharat" announcements made in five tranches, and the monetary and fiscal measures announced earlier:Â
First Tranche: Rs 5,94,550 crore
To sum up all the measures announced so far, here is the Stimulus provided by announcements in the 1st tranche (1/5)#AatmaNirbharApnaBharat pic.twitter.com/2fJVyZpZ5d
May 17, 2020
Second Tranche: Rs 3,10,000 croreStimulus provided by announcements in Part-2, which totalled to Rs 3.1 lakh crores(2/5)#AatmaNirbharApnaBharat pic.twitter.com/jKs2pVpAjE
May 17, 2020
Third Tranche: Rs 1,50,000 croreStimulus under Part-3 which included incentives for Food Micro Enterprises totalled Rs 1.5 lakh crore(3/5)#AatmaNirbharApnaBharat pic.twitter.com/fMrjjzmk4k
— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020
Fourth and Fifth Tranche:Â Rs 48,100 croreAnnouncements in 4th and 5th tranche total Rs 48,100 crores (4/5)#AatmaNirbharApnaBharat pic.twitter.com/WJiz1aTTyj
— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020Measures announced by the government earlier, including the PM Garib Kalyan scheme: Rs 1,92,800 crore
RBI measures: Rs 8,01,603 crore
Here is the summary of all the announcements so far, totalling over Rs 20 lakh crores (5/5)#AatmaNirbharApnaBharat pic.twitter.com/i2HVhYabj2
May 17, 2020
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