Thread by @ithoughtadviser

FM Announcement
#Atmanirbhar Rozgar Yojana
 • EPFO registered companies incentivized to hire freshers or those who have lost their jobs from Mar-Sep
 • CG to contribute EPF on behalf of employees for the next 2 years where wages <15,000.on behalf of employers if <1000 employees

Emergency Credit Limit Guarantee Scheme
 • Extended to stressed sectors per KV Kamat report
 • Outstanding debt 50-500 Crores, to any sized company as long as account was not NPA pre #covid
 • 20% extra borrowing to be repaid over 5 years. 1 year #moratorium

Production linked incentive scheme
 • 10 new champion sectors
 • to boost exports, manufacturing, employment
 • Rs. 1,45,000 Crores

PM Aavas Yojana
 • affordable urban housing
 • 25 Lakh metric tonnes of steel and 131 L metric tonnes of cement
 • 78 Lakh #jobs
 • 8,000 Cr in this year
 • 18,000 Cr over the budget estimate

#Infrastructure and Construction Boost
 • performance security reduced from 5_10% to 3%
 • security declaration = self declaration instead of earnest deposit until dec 31 2021

Infrastructure Development
 • NIIF #Debt platform - 1.1 Lakh Crores by 2025. Govt to invest 6000 Crores. can invite foreign participation. Borrow through AIAFL & IFL in the market.

Capital, Industrial Budgetary Expenses
 • 10,200 Crores - domestic defense, equipment, green energy
 • infrastructure needs to be built

Income tax relief for developers and home buyers
 • difference of up to 20% in the circle rate and contract value will not be taxed.
applies to residential properties <2 crores and primary sale

Fertilizer subsidy
 • 65000 Cr to ensure smooth sowing season

Informal employment
 • 10,000 cr additional outlay got employment schemes such as MNREGA, PMGKY, PMGSY

 • already closed to 1 Lakh crore spent

EXIM Bank - 3000 Cr
 • for lines of credit
 • to boost exports

#COVIDVaccine Research
 • 900 crores to rhe ministry of biotechnology
 • research only - logistics and distribution separate cost