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The Economic Covid Package In Numbers After The 5th And Final Tranche


The Finance Minister, Nirmala Sitharaman announced the 5th and final package of the economic stimulus. Some have argued that it involves more of a monetary stimulus, while fiscal measures have fallen short.

In any case, here are the numbers from the 5 tranches and 1 from the package announced even before the PM announced the Rs 20 lakh crores package.

Package Sum allocated

Tranche 1

MSME, EPF, NFBC support etc.
Rs 5.94 lakh crores

Tranche 2

Interest subvention MUDRA, Shishu, Housing subsidy, Kissan Credit Card etc.
Rs 3.1 lakh crores

Tranche 3

Agri Infrastructure Fund, animal husbandry, herbal cultivation, bee keeping etc.
Rs 1.5 lakh crores

Tranche 4&5

Rs 48,000 crores
Stimulus before the PM's announcement including the PM Garib Kalyan Package Rs 1.92 lakh crores
RBI Stimulus Measures Rs 8.01 lakh crores
Total Rs 20.97 (slightly higher because of rounding up)

There is no doubt that there are fiscal constraints and it may not always be possible to unleash fiscal measures. What is interesting though is that the economic stimulus measures also include economic reforms like increase of FDI limit in defense, commercial mining of coal etc.

The Economic Covid Package In Numbers After The 5th And Final Tranche
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