Government has announced 20 lakh crore package to help the people in these times of economic slowdown and recession. it was annouced on 12th May but details were released in FIVE parts across 5 days by our finance minister press conferences. i will summarize the details of this package.
Monetary policy = 8 lakh crore (by RBI)
This one for Banks and NBFC's
Fiscal Policy = 12 lakh crore (by Govt)
This one for
MSME - Collateral free loan worth 3 lakh crore
POWER DISCOM - 90,000 liquidity lifeline
FARMERS - Already annouced but Now again repeate
STREET VENDORS - 5,000 crore credit facility
MIGRANT WORKERS - 3500 crore
TDS REDUCTION - 25% in existing rate (except Sec 192)
REDUCE EPF CONTRIBUTION - 12% to 10%
OTHERS
FINALLY
WHAT IS THE REAL STIMULUS AMOUNT
BETWEEN 1 LAKH CRORE TO 2.7 LAKH CRORE (APPROXX)
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