The Union Finance Ministry on Sunday announced the fifth and the final tranche of the Rs 20 lakh crore Atmanirbhar Bharat stimulus package.

Union Finance Minister Nirmala Sitharaman. (Photo: PTI)

The Union Finance Ministry on Sunday announced the fifth and the final tranche of the Rs 20 lakh crore Atmanirbhar Bharat stimulus package. The final tranche mainly allocated an additional Rs 40,000 crore to the Mahatma Gandhi National Rural Employment (MGNREGA) budget estimate to ensure that migrants do not face unemployed amid the nationwide lockdown, and a viability gap funding of more than Rs 8,000 crore.

Finance Minster Nirmala Sitharaman also announced a new public sector policy that allows the involvement of private companies in all sectors. In addition to this, new reforms health sector, including setting up of infectious diseases hospital blocks in all districts, reforms in online education, decriminalisation of Companies Act defaults, enhancement of ease of doing business through IBC-related measures was also announced.

The finance minister also announced that Centre has increased the borrowing limits of states from 3 per cent to 5 per cent for 2020-21, giving the states an extra resource of Rs 4.28 lakh crore.

The first tranche of the economic package focused extensively on supporting MSMEs that have been worst hit by the lockdown to contain the spread of coronavirus in the country. The second tranche focused on measures for economic revival focuses on migrant workers, small farmers, tribals and street vendors. The agriculture sector was the focal point of the third tranche, while the fourth one, announced on Saturday, consisted of a set of reforms for the coal, minerals, defence production, civil aviation, power distribution, space and atomic energy sectors.

Here’s a break-up of the five tranches of the Atmanirbhar Bharat package:

Stimulus provided by announcement in tranche 1 of economic package

S.no ITEM Rs in crore
1 Emergency W/C Facility for Businesses, incl MSMEs 3,00,000
2 Subordinate Debt for Stressed MSMEs 20,000
3 Fund for Funds for MSMEs 50,000
4 EPF Support for Business & Workers 2,800
5 Reduction in EPF rates 6,750
6 Special liquidity Scheme for NBFC/HFC/MFIs 30,000
7 Partial Credit Guarantee Scheme for 2.0 for Liabilities of NBFCs/MFIs 45,000
8 Liquidity Injection for DISCOMs 90,000
9 Reduction in TDS/TCS rates 50,000
TOTAL 5,94,550

Stimulus provided by announcement in tranche 2 of economic package

S. no ITEM Rs in crore
1 Free Food Grain Supply to Migrant Workers for 2 Months 3,500
2 Interest Subvention of Mudra Shishu Loans 1,500
3 Special Credit Facility to Street Vendors 5,000
4 Housing CLSS-MIG 70,000
5 Additional Emergency Working Capital through NABARD 30,000
6 Additional Credit Through KCC 2,00,000
TOTAL 3,10,000

Stimulus provided by announcement in tranche 3 of economic package

S. no ITEM Rs in crore
1 Food Micro Enterprises 10,000
2 Pradhan Mantri Matsya Sampada Yojana 20,000
3 TOP to TOTAL: Operation Greens 500
4 Agri Infrastructure Fund 1,00,000
5 Animal Husbandry Infrastructure Development Fund 15,000
6 Promotion of Herbal Cultivation 4,000
7 Beekeeping Initiative 500
TOTAL 1,50,000

Stimulus provided by announcement in tranche 4 and 5 of economic package

S. no ITEM Rs in crore
1 Viability Gap Funding 8,100
2 Additional MGNREGA Allocation 40,000
TOTAL 48,100

Overall stimulus provided by Atmanirbhar Bharat package

S.no ITEM Rs in crore
1 Part 1 5,94,550
2 Part 2 3,10,000
3 Part 3 1,50,000
4 Part 4 and 5 48,100
Sub-Total 11,02,650
5 Earlier Measures including PMGKP 1,92,800
6 RBI Measures (Actual) 8,01,603
Sub-Total 9,94,403
GRAND TOTAL 20,97,053
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