Ministry of Finance announces key schemes to boost economy

29 Jun 2021 CW Team

Minister of Finance Nirmala Sitharaman has announced eight economic relief measures for sectors hit by the second wave of the Covid-19 pandemic, to boost the economy, focusing primarily on tourism and the health sector.

Some of the key announcements made by Nirmala Sitharaman are: The Atmanirbhar Bharat Rozgar Yojana (ABRY) has been extended from June 30, 2021, to March 31, 2022.

The government has increased the scope of the emergency credit line guarantee scheme as Rs 1.5 lakh crore has been added to the existing corpus of Rs three lakh crore. A new credit guarantee scheme to facilitate loans to 25 lakh people through microfinance institutions (MFIs) was announced.

The lending of Rs 25 lakh was announced, focusing on new lending and not on repayment of old loans.

Visas will be provided free of cost to the first five lakh travellers coming to India on the resumption of international travel. The scheme will be applicable till March 31, 2022.

A new loan guarantee scheme will support 10,700 regional-level tourist guides and travel and tourism stakeholders.

An expenditure of Rs 93,869 crore will be used for the distribution of ration to poor people, taking the total money allocation to Rs 227,841 crore in Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).

Rs 23,220 crore has been allocated for public health, with the key focus on paediatric care for the current financial year.

Nearly Rs 15,000 crore additional subsidy for protein-based fertilizer for farmers.

Image Source

Also read: India’s global economic recovery positive: EY report

Also read: India to become global economic powerhouse: Nirmala Sitharaman

Infrastructure Urban

06 Nov 2025

Goa Advances Sustainable Future with Scientific Waste Management

Chief Minister Pramod Sawant reaffirmed Goa’s commitment to strengthening environmental sustainability through scientific and responsible waste management practices. He highlighted that the Common Hazardous Treatment and Storage Facility has become a key element in ensuring the safe, efficient, and sustainable management of hazardous waste across the State. Sawant said the state-of-the-art facility not only addresses critical environmental challenges but also supports local employment, with nearly 80 per cent of its workforce comprising Goan youth. He added that the State’s environmenta..

Andhra Pradesh Showcases Smart City Vision at Barcelona Expo

Andhra Pradesh will spotlight its pioneering Smart City development initiatives at the 14th Smart City Expo World Congress (SCEWC) 2025, being held from November 4–6 in Barcelona, Spain. The State’s innovative projects across four key smart cities will focus on AI-driven solutions for sustainable urban growth. S Suresh Kumar, Principal Secretary of the Municipal Administration and Urban Development (MAUD) Department, will represent India as a distinguished speaker at the congress. He will lead a three-member delegation comprising Greater Visakhapatnam Municipal Corporation Commissioner Ke..

Indore Metro to Go Underground from Khajrana to Bada Ganpati

The Indore Metro will now run underground from Khajrana Square, passing through Palasia to Bada Ganpati, as approved in a high-level meeting chaired by Urban Development and Housing Minister Kailash Vijayvargiya. The decision, finalised after extensive deliberations, marks a major milestone in enhancing traffic management and urban mobility across Indore. The proposal for the underground stretch received unanimous approval from the committee. Vijayvargiya announced that a new Malharganj Metro station would be developed, assuring that no houses or shops would be impacted. He added that the tu..