Thread by @deepakshenoy

New projects: guarantee cover for loans for new projects, interest rate capped at 7.95% for health sector and 8.25% for other sectors.

This is good because it is not cash outflow from govt. You put a project, you have to default first only then will govt pay. But at 7.5% you should find it easy to not default.

MFI based new lending to be supported. This can be complicated. All defaulters with less than 90 days can apply => no NPA people will be covered.

2.5 lakh rupee limit for the MFI loans. Rate of MCLR + 2%? Loans to be given to MFIs? Don't get that part.

Tourist guides and travel agencies, 11,000 in number, 1 lakh rs. loan to be given for just anything - no processing fees, waivers on foreclosures etc.

First 500,000 visas will be free of charge, after we start new visas.

EPF subsidy for employees getting less than 15K per month => extended till 31 mar 2022

85,000 cr. paid to buy wheat! My goodness. Absolutely crazy - and rice is still remaining for later. Anyhow, I don't support this - hope it remains overall less than 160,000 cr.

Additional fertilizer subsidy of 15000 cr. coming up. Relatively small.

Gareeb Kalyan Yojana of 5kg foodgrains free of cost, till November 2021 for the poor. (Note: we acquire far more than this, probably more than 3x, from farmers, just as a note)

Finally some health: pediatric care/beds - spending on 23,000 cr.

(They could double this with a little less of the insanely excess purchase of wheat and rice. Children are not be a vote bank today versus farmers I guess)

We need to get this fast, in case it's being planned for the third wave. But this is very very much required. Luckily oxygen is in better shape now.

And good thing is: We want to do the genome sequencing. This has been a major pain in the last wave - we just didn't do enough of it.