Press conference by Union Finance minister Nirmala Sitharaman held at National Media Centre

In a press conference held by the Union Finance minister Nirmala Sitharaman on Monday, several economic reliefs were announced by her during the meeting.

Below are the mentioned schemes and reliefs mentioned by the Union Finance Minister:

A loan guarantee scheme worth ₹1.1 lakh crore for COVID-19 affected sectors with an objective at scaling up medical infrastructure targeting underserved areas.

For the emergency credit line, an additional ₹1.5 lakh crore guarantee scheme has been announced which is launched as a part of the Atma Nirbhar Bharat package in May 2020.

To facilitate loans to around 25 lakh people through microfinance institutions, a credit guarantee scheme for the same has also been announced which will provide a guarantee to scheduled commercial banks for loans to new or existing NBFC-MFI or MFIs.

Financial support to more than 11,000 registered tourist guides along with travel and tourism stakeholders shall be provided with regards to reviving tourism.

The first 5 lakh tourists visas shall be issued free of charge once the Visa issuance started again by the government with the scheme being applicable till 31st March 2022 or till 5,00,000 Visas are issued, whichever is earlier.

Along with mentioning the above schemes, Nirmala Sitharaman also announced the extension of Atmanirbhar Bharat Rozgar Yojna which was launched in the previous year.

With special emphasis on children and patriotic care or patriotic beds, the news scheme is focused on short term emergency preparedness with an additional ₹23,220 crores given for public health.

With the release of climate-resilient special traits varieties, the new scheme focuses on fighting malnutrition and improving farmers incomes as well Along with taking a step towards the revival of the Northeastern region agricultural marketing cooperative which aims to enhance agricultural, procurement, processing and marketing infrastructure in the northeast.

For reform based result linked power distribution scheme, an amount of ₹3.3 lakh crore has been decided along with an extension of tenure of the PLI scheme for large scale electronics manufacturing where the participating companies shall get an opportunity of choosing any 5 years for meeting the production targets under the scheme.

For the export insurance cover, a boost of ₹88,000 crores has also been decided.

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