Only 10% disbursed from the 20 lakh crore economic project announced as relief for COVID-19
The Centre announced a massive Rs 20 lakh-crore economic stimulus package as relief to the country which was famished due to the COVID-19. This was widely appreciated by all.
A Pune businessman Prafull Sarda filed a query under RTI to understand the exact status of the implementation of the same. The ministry informed that under the Atmanirbhar Bharat Abhiyaan, an Emergency Credit Line Guarantee Scheme was introduced, which was available till October 31 or till the Rs 3-lakh-crore is sanctioned under ECLGS, whichever was earlier. Praful Sarda said, "So far, of the sanctioned Rs 3 lakh-crore through the ECLGS, the government has disbursed around 1.20 lakh-crore as loans to various states."
Calculations say it accounted to Rs. 8 per person for the 130 crore Indian population. also this money has to be returned at some point of time. Sarda said only Rs 3-lakh crore was sanctioned under the ECLGS, and from that barely Rs 1.20-lakh crore has actually been disbursed among all the states and UTs in the country. The worst-hit sectors include all industries in the manufacturing sectors, the hospitality and tourism industry, the media and affiliated sectors, and the unorganized sectors. Sarda pointed out that besides this over 6 crore MSMEs and SMEs have shut down, resulting in more than 15-crore people losing jobs.
In connection with the farmer's struggle he urged that the government take immediate measures to release the remaining funds from the package to revive the economy.
A Pune businessman Prafull Sarda filed a query under RTI to understand the exact status of the implementation of the same. The ministry informed that under the Atmanirbhar Bharat Abhiyaan, an Emergency Credit Line Guarantee Scheme was introduced, which was available till October 31 or till the Rs 3-lakh-crore is sanctioned under ECLGS, whichever was earlier. Praful Sarda said, "So far, of the sanctioned Rs 3 lakh-crore through the ECLGS, the government has disbursed around 1.20 lakh-crore as loans to various states."
Calculations say it accounted to Rs. 8 per person for the 130 crore Indian population. also this money has to be returned at some point of time. Sarda said only Rs 3-lakh crore was sanctioned under the ECLGS, and from that barely Rs 1.20-lakh crore has actually been disbursed among all the states and UTs in the country. The worst-hit sectors include all industries in the manufacturing sectors, the hospitality and tourism industry, the media and affiliated sectors, and the unorganized sectors. Sarda pointed out that besides this over 6 crore MSMEs and SMEs have shut down, resulting in more than 15-crore people losing jobs.
In connection with the farmer's struggle he urged that the government take immediate measures to release the remaining funds from the package to revive the economy.