Government, RBI Stimulus Measures Amount To Rs 20.97 Lakh Crore: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman detailed the breakup of the economic package

Finance Minister Nirmala Sitharaman on Sunday gave a detailed breakup of the "Atma Nirbhar Bharat Abhiyan" economic package, announced by Prime Minister Narendra Modi on Tuesday. Ms Sitharaman explained the details of the stimulus after announcing the fifth and final tranche of measures. The stimulus measures brought in by the government and the Reserve Bank of India (RBI) together add up to Rs 20.97 lakh crore, Finance Minister Nirmala Sitharaman said. The measures come as the country braces for the fourth phase of the weeks-long lockdown to curb the spread of the coronavirus (COVID-19) crisis, which has pushed an already-ailing economy into a standstill, hampered businesses and landed thousands jobless. 

Here is the breakup of the "Atma Nirbhar Bharat" announcements made in five tranches, and the monetary and fiscal measures announced earlier: 

First Tranche: Rs 5,94,550 crore

To sum up all the measures announced so far, here is the Stimulus provided by announcements in the 1st tranche (1/5)#AatmaNirbharApnaBharatpic.twitter.com/2fJVyZpZ5d

— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020

Second Tranche: Rs 3,10,000 crore

Stimulus provided by announcements in Part-2, which totalled to Rs 3.1 lakh crores(2/5)#AatmaNirbharApnaBharatpic.twitter.com/jKs2pVpAjE

— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020

Third Tranche: Rs 1,50,000 crore

Stimulus under Part-3 which included incentives for Food Micro Enterprises totalled Rs 1.5 lakh crore(3/5)#AatmaNirbharApnaBharatpic.twitter.com/fMrjjzmk4k

— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020

Fourth and Fifth Tranche: Rs 48,100 crore

Announcements in 4th and 5th tranche total Rs 48,100 crores (4/5)#AatmaNirbharApnaBharatpic.twitter.com/WJiz1aTTyj

— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020

Measures announced by the government earlier, including the PM Garib Kalyan scheme: Rs 1,92,800 crore

RBI measures: Rs 8,01,603 crore

Here is the summary of all the announcements so far, totalling over Rs 20 lakh crores (5/5)#AatmaNirbharApnaBharatpic.twitter.com/i2HVhYabj2

— PIB India #StayHome #StaySafe (@PIB_India) May 17, 2020