Insta
Central Govt Likely To Extend Covid-19 Stimulus Measures With Additional Funding: Report
Swarajya Staff
Jun 11, 2021, 01:50 PM | Updated 01:50 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The central government is likely to extend the duration of relief measures related to Covid-19 and various stimulus packages associated with it to lend assistance to businesses and sectors negatively impacted by the pandemic.
The Union Finance Ministry is also looking to insist the other ministries swiftly roll out these steps and frontload the Rs 5.54 lakh capital spending that was declared in the Budget earlier this year.
Primarily, the Emergency Credit Line Guarantee Scheme (ECLGS) spanning across 30 different sectors could probably see further expansion in addition to a higher capital front too. Banks are said to have sanctioned loans worth Rs 2.54 lakh crore out of the total corpus of Rs three lakh crore allotted to this scheme.
Furthermore, the government is also considering extending the income tax breaks given to the construction and the real estate sector whilst also allotting more significant funds to the rural development scheme.
The Atma Nirbhar Bharat Rozgar Yojana that incentivizes the private sector to generate more employment opportunities will be stretched for an additional period, The Economic Times reports.
Prime Minister Narendra Modi-led government is primarily focusing on streamlining supplementary funding and thereby providing augmented advantages to relief measures that have already been announced before.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.