In numbers: The Rs 20 lakh crore package decoded

In numbers: The Rs 20 lakh crore package decoded

Finance Minister Nirmala Sitharaman, on Sunday, gave details of the allocation of the Rs 20-lakh-crore package to uplift India’s economy amid the coronavirus crisis.

Here’s the break-up of the mega amount that Prime Minister Narendra Modi had earlier announced to make India self-reliant.

Package

Sum allocated

Tranche 1
MSME, EPF, NFBC support etc.

Rs 5.94 lakh crores

Tranche 2
Interest subvention MUDRA, Shishu, Housing subsidy, Kissan Credit Card etc.

Rs 3.1 lakh crores

Tranche 3
Agri Infrastructure Fund, animal husbandry, herbal cultivation, bee keeping etc.

Rs 1.5 lakh crores

Tranche 4&5
MNREGA etc.

Rs 48,000 crores

Stimulus before the PM's announcement including the PM Garib Kalyan Package

Rs 1.92 lakh crores

RBI Stimulus Measures

Rs 8.01 lakh crores

Total

Rs 20.97 (slightly higher because of rounding up)

A stimulus of Rs 1,92,800 crore was given before the PM spoke of the new economic package.

  • Break-up of the first tranche of announcements amounted to Rs 5,94,550 crore

  • The stimulus provided in the second tranche of the economic package amounted to Rs 3,10,000 crore

  • A stimulus of Rs 1,50,000 crore was announced in the third tranche

  • The stimulus provided in the fourth and fifth tranches of the economic package amounted to Rs 48,100 crore

  • The overall stimulus package under the Atmanirbhar Bharat Abhiyan: Rs 20,97,053 crore

  • Highlighting the steps taken by the Modi government amid the pandemic, Sitharaman said that 20 crore Jan Dhan account-holding women got Rs 10,025 crore, 2.2 crore building and construction workers got Rs 3,950 crore, 6.81 crore people got free LPG cylinders and 12 lakh EPFO holders got online withdrawal of advance.

“Pulses were given three months in advance. I appreciate concerted efforts of Food Corporation of India, National Agricultural Cooperative Marketing Federation of India and states, giving pulses and grains in huge quantities, despite logistical challenges,” she said.

“Pradhan Mantri Garib Kalyan package used technology to do direct benefit transfer to people. We could do what we did because of the initiatives taken during the last few years,” she said.

“One-time transfer of Rs 2,000 has reached 8.19 crore farmers, total amount Rs 16,394 crore. NSAP beneficiaries got Rs 1,405 crore in first instalment and Rs 1,402 crore in second instalment, target of Rs 3,000 crore nearly achieved,” Sitharaman said.

(With additional inputs from The Quint)