Focus on power sector and MSME
In the package released on Wednesday, the finance minister announced a facility of Rs 55,000 crore under TDS and a facility of Rs 25,000 crore through PF. Under this, Rs 90,000 crore has been announced for the power sector company. While NBFC has announced a big package of Rs 30,000 crore and Rs 3 lakh crore for MSMEs
➥Refinance facility of Rs. 50,000 crore was provided
As on April 17, the RBI has provided Rs 50,000 crore facility under TLTRO-2. On this day, special refinancing facility of Rs 50,000 crore was provided for SIDBI, NABARD, NHB etc. The RBI provided Rs 1 lakh crore during March-April. Liquidity facility of Rs.500 billion was provided under two variable repo rates.
➥Money transferred to Jandhan accounts of 200 million women
The RBI bought 100 100 billion in government bonds on March 20, which helped ease liquidity. However, in the meantime, the RBI withheld dividends from banks and kept some money with them. Primary bond underwriter increased to Rs 10,000 crore. Purchased OMO worth Rs 30,000 crore. Trillions of rupees were issued on 16-day variable rate repo. In addition, the government gave 5 kg of wheat or rice and 1 kg of dal to 80 crore people, so that Rs 500 was given to the accounts of 20 crore women every month, which would continue till June.
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