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Economic stimulus includes Rs 8 trillion liquidity measures by RBI: FM

The stimulus totals to Rs 20.97 trillion, she said, adding this also comprises the Rs 1.92 trillion package of free foodgrain and cooking gas to poor

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Nirmala Sitharaman | Economic stimulus | Indian Economy

BS Web Team & Agencies  |  New Delhi 

Nirmala Sitharaman
Finance Minister Nirmala Sitharaman during the last tranche of her Covid-19 relief measures| Photo: PIB

Finance Minister on Sunday said the Rs 20 trillion package to deal with the fallout of Covid-19 includes Rs 8.01 trillion of liquidity measures announced by the Reserve Bank since March.

The stimulus totals to Rs 20.97 trillion, she said, adding this also comprises the Rs 1.92 trillion package of free foodgrain and cooking gas to poor and cash to some sections announced in March, agency PTI reported.

The five part stimulus package announced beginning May 13 comprised Rs 5.94 trillion in the first tranche that provided credit line to small businesses and support to shadow banks and electricity distribution companies.

ALSO READ: Additional Rs 40,000 cr allocated for MGNREGS to help migrants, says FM

The second tranche included free foodgrain to stranded migrant workers for two months and credit to farmers, totalling Rs 3.10 trillion.

Spending on agri infrastructure and other measures for agriculture and allied sectors in the third tranche totalled to Rs 1.5 trillion.

The fourth and fifth tranches that dealt mostly with structural reforms totalled to Rs 48,100 crore, she said.

First Published: Sun, May 17 2020. 13:51 IST
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