Lok Sabha Question No. 1092 (UNSTARRED), answered on 2021-02-08
Subject: Special Economic Package
Ministry: FINANCE
Asked by: Hasmukhbhai Somabhai Patel

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 1092

TO BE ANSWERED ON MONDAY, FEBRUARY 8,2021 MAGHA 19,1942 (Saka)

'SPECIAL ECONOMIC PACKAGE'

1092: SKRI PATEL HASMUKHBHAI SOMABHAI:

Will the Minister of FINANCE be pleased to state:

- whether the Government has announced any special economic package viz. Atmanirbhar Bharat Abhiyan for boosting the country's economy and making India self-reliant and relief and provide credit support for various sectors including MSMEs.
- b if s0, the details thereof; and
- C. the details of benefits availed by the industries?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI ANURAG SINGH THAKUR)

(a) to (c}: The Government of India had announced AatmaNirbhar Bharat Packages (ANB) 1.0, 2.0, and 3.0 on 2020 to 2020, October, 2020 and 12th November 2020 respectively with the objective of  fighting COVID-19, providing support to various sectors including MSMEs and to make the country self-reliant. These are mostly long term measures on which outcomes will be visible in due course: A Statement indicating details of ANB Packages is at Annexure-I. Benefits of the following announcement made under AatmaNirbhar Bharat Packages are availed by the industries: 13t 17th 12th May, May, being

- Production Linked Incentives (PLI) scheme for 10 sectors including white goods, auto, auto component sectors, and advance-cell battery with an approved financial outlay over a fivveyear period of Rs. 145980 Crore: The PLI scheme will lead to more domestic manufacturing and generation of jobs.
- (iii) Rs 50,000 Equity infusion for MSMEs through Fund of Funds (Self Reliant Fund) Guidelines on Self-reliant India (SRI) Fund issued on 5th August; 2020 and NSIC Venture Capital Fund Ltd. incorporated under Companies Act 2013 as the Special Purpose Vehicle (SPV) for implementing the scheme and its operations
- (ii) Definition of MSMEs revised increasing the investment limit; including additional criteria of turnover and eliminating distinction between manufacturing and service sector.
- (iv) Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs:
- (v) Emergency Credit Line Guarantee Scheme (ECLGS 2.0) providing guaranteed credit for stressed MSMEs
- (vi) Interventions for MSMEs- promotion of e-market linkage for MSMEs to act a5 a replacement for trade fairs and exhibitions and timely settlement of dues to MSME vendors from Government and Central Public Sector Undertakings
- (viii) Demand booster for Residential Real Estate Income Tax relief for Developers & Home Buyers
- (vii) Rs 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs:
- (ix) Rs 18,000 crore additional outlay for Pradhan MantriAwaasYojana Urban (PMAY-U}:
- (x) Rs 20,000 crore Subordinate Debt for Stressed MSMEs- launched on 24th June, 2020. As on 21.01.2021, 34 Banks have registered as Member Lending Institutes (MLIs); 13 Banks have started availing guarantee and guarantee of Rs. 28.59 core have been extended to 259 borrowers: got
- (xi) Rs 30,000 crore Special Liquidity Scheme for NBFCs/HFCs/MFIs
- (xii) Rs. 90,000 crore Liquidity Injection for DISCOMs

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Annexure

## Statement referred to in reply to parts (a) to (c) of LSUSQ No.1092 for answer on 08.02.2021

- Announcements made on 13.05.2020
1. Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs
2. Rs 20,000 crore Subordinate Debt for Stressed MSMEs
3. Rs 50,000 crore equity infusion through MSME Fund of Funds
- New Definition of MSME and other Measures for MSME
5. No Global tenders for Government tenders of uptoRs 200 crore
- 7 EPF Contribution to be reduced for Employers and Employees for 3 months to 10% from 12% for all establishments covered by EPFO for next 3 months
6. Extending the Employees Provident Fund Support for business and organised workers for another 3 months for salary months of June, July and August 2020
- 8 Rs. 30,000 crore Special Liquidity Scheme for NBFC/HFC/MFIs
10. Rs 90,000 crore Liquidity Injection for DISCOMs
- 9\_ Rs. 45,000 crore Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs
11. Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements
13. Tax relief to business as pending income tax refunds to charitable trusts and non-corporate businesses and professions to be issued immediately
- 12 Relief to Real Estate Projects the registration and completion date for all registered projects will be extended up to six months.
14. Reduction in Rates of 'Tax Deduction at Source' and Tax Collected at Source" by 25% for the remaining period of FY 20-21
- B. Announcements made on 14.05.2020
15. Due Dates for various tax related compliances extended
16. Free food grains supply to Migrants for 2 months
18. Scheme for Affordable Rental Housing Complexes for Migrant Workers and Urban Poor to be launched
17. Technology system to be used enabling Migrants to access PDS(Ration) from any Fair Price Shops in India by March,2021-One Nation one Ration Card
19. 2% Interest Subvention for 12 months for Shishu MUDRA loanees- Relief of Rs. 1500 crore
20. Rs 5000 crore Credit facility for Street Vendors:
- 450 crore each Uttarakhand, Himachal
58. Capital Expenditure Boost for the Centre-Additional budget of < 25,000 crore (in addition to *4.13 lakh crore given in Budget 2020-'21) provided for capital expenditure on roads, defence, water supply, urban development and domestically produced capital equipment:
- 7,500 crore for remaining states, as per share of Finance Commission's devolution

| 21.                                                                 | Rs70,000 crore boost to housing sector and middle income group through extension of         |
|---------------------------------------------------------------------|---------------------------------------------------------------------------------------------|
|                                                                     | Credit Linked Subsidy Scheme for MIG under PMAY(Urban)                                      |
| 22.                                                                 | Rs 6,000 crore for Creating employment using CAMPA funds                                    |
| 23.                                                                 | Rs 30,000 crore Additional Emergency Working Capital for farmers through NABARD             |
| 24.                                                                 | Rs 2 lakh crore concessional credit boost to 2.5 crore farmers under Kisan Credit Card      |
| Scheme                                                              |                                                                                             |
| C                                                                   | Announcements made on 15.05.2020                                                            |
| 25.                                                                 | Rs 1 lakh croreAgri Infrastructure Fund for farm-gate infrastructure for farmers            |
| 26.                                                                 | Rs 10,000 crore scheme for formalisation of Micro Food Enterprises (MFE)                    |
| 27.                                                                 | Rs 20,000 crore for Fishermen through Pradhan Mantri Matsya Sampada Yojana (PMMSY)          |
| 28                                                                  | National Animal Disease Control Programme                                                   |
| 29.                                                                 | Setting up of Animal Husbandry Infrastructure Development Fund Rs. 15,000 crore             |
| 30_                                                                 | Promotion of Herbal Cultivation outlay of Rs 4,000 crore                                    |
| 31.                                                                 | Beekeeping initiatives -Rs 500 crore                                                        |
| 32                                                                  | From 'TOP' to TOTAL Rs 500 crore                                                            |
| 33_                                                                 | Measures for Governance and Administrative Reforms for Agriculture Sector                   |
| i.                                                                  | Amendments to Essential Commodities Act to enable better price realisation for farmers      |
| ii.                                                                 | Agriculture Marketing Reforms to provide marketing choices to farmers                       |
|                                                                     | Agriculture Produce Price and Quality Assurance                                             |
| D.                                                                  | Announcements made on 16.05.2020                                                            |
| 34.                                                                 | commercial Mining introduced in Coal Sector                                                 |
| 35.                                                                 | Diversified Opportunities in Coal Sector                                                    |
| 36.                                                                 | Liberalised Regime in Coal Sector                                                           |
| 37                                                                  | Enhancing Private Investments and Policy Reforms in Mineral Sector                          |
| 38_                                                                 | Enhancing Self Reliance in Defence Production                                               |
| 39_                                                                 | Policy Reforms in Defence Production                                                        |
| 40_                                                                 | Efficient Airspace Management for Civil Aviation                                            |
| 41.                                                                 | More World-Class Airports through PPP                                                       |
| 42.                                                                 | India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO)            |
| 43.                                                                 | Tariff Policy Reform in Power Sector; Privatization of Distribution in UTs                  |
| 44.                                                                 | Boosting private sector investment through revamped Viability Funding Scheme in Gap         |
|                                                                     | Social Sector                                                                               |
| 45.                                                                 | Boosting private participation in space activities                                          |
| 46.                                                                 | Reforms in Atomic Energy Sector                                                             |
| E                                                                   | Announcements made on 17.05.2020                                                            |
| 47 .                                                                | Rs 40,000 crore increase in allocation for MGNREGS to provide employment boost              |
| 48.                                                                 | Increased investments in Public Health and other health reforms to prepare India for future |
| pandemics                                                           |                                                                                             |
| 49                                                                  | Technology Driven Education with Equity post-COVID                                          |
| 50                                                                  | Further enhancement of Ease f Doing Business through IBC related measures                   |
| 51.                                                                 | Decriminalisation of Companies Act defaults                                                 |
| 52_                                                                 | Ease of Doing Business for Corporates                                                       |
| 53.                                                                 | Public Sector Enterprise Policy for a New, Self-reliant India                               |
| 54.                                                                 | Increase borrowing limits of States from 3% to 5% for 2020-21 only promoting State level    |
| reforms                                                             |                                                                                             |
| F.                                                                  | Announcements made on 12th October 2020                                                     |
| 55.                                                                 |                                                                                             |
| (full payment on Leave encashment and tax-free payment of LTC fare) | (full payment on Leave encashment and tax-free payment of LTC fare)                         |
| 56.                                                                 | prepaid RuPay Card, to be spent by March 31,2021.                                           |
| 57 .                                                                | Capital Expenditure Boost for States- A                                                     |
| 12,000 crore capital expenditure 3                                  | 200 crore each for 8 North East states                                                      |

## Announcements made on November 2020 12th

- 59 Aatma Nirbhar Bharat Rozgar Yojana- to incentivize job creation during COVID-19 recovery: If EPFO-registered establishments take in new employees without EPFO numbers or those who lost jobs earlier, the Yojana will benefit these employees.
61. Production Linked Incentive worth $ 1.46 Lakh Crore offered to 10 champion sectors
60. Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals (loans for business purposes) extended till March 31, 2021. Credit guarantee support scheme launched for Healthcare sector and 26 sectors stressed due to COVID-19. Entities will get additional credit up to 20% of outstanding credit; repayment can be done in five years (1 year moratorium + 4 years repayment):
62. {18,000 Crore Additional outlay for PM Awaas Yojana Urban
- 64 Income Tax relief for Developers & Home Buyers
63. Support & Infrastructure Relaxation of Earnest & Performance Security on Government Tenders
65. Platform for Infra Debt Financing
- 67 . Boost for Rural Employment: Additional outlay of $ 10,000 Crore is being provided for PM Garib Kalyan Rozgar Yojana. Funds can be used for MGNREGA or for Gram Sadak Yojana, this will help accelerate rural economy
66. Support for Agriculture: % 65,000 Crore for subsidized fertilizers
68. Boost for Project Exports $ 3,000 Crore boost to be given for project exports through assistance given by India to developing countries under  Indian   Development and Economic Assistance Scheme (IDEAS Scheme): This will   help EXIM these Line of Credit development assistance activities and promote exports from India\_
70. R&D grant for COVID Vaccine; < 900 Crore is being provided to Department of Biotechnology for research activities related to COVID-19 vaccine development: This does not include cost of vaccine or logistics for vaccine distribution (whatever is required for that will be provided)
- 69 Capital and Industrial Stimulus $ 10,200 Crore additional budget stimulus will be' provided for capital and industrial expenditure on defence equipment, industrial infrastructure and green energy:

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