This package is a on going process and not something given at once.
Some of it was given earlier and the Government continues to give the same.
Till now 1.7 Lakh Crore Rupees was given to kisan – Pradhan Mantri Garib Kalyan Package – Food and money were transferred to workers will continued to be transferred for 3 months.
RBI – to infuse and increased Liquidity
- Reduction of Cash Reserve Ratio (CRR) – Liquidity enhancement 1.37 Lakh Crores
- Special Liquidity Facility (SLF) of 50,000 Crores for mutual funds to alleviate intensified liquidity pressures
- Moratorium of three months on payment of installment on Working Capital Facilities in respect of all Term Loans
o All loans – from all kind of commercial banks (Including regional rural, small finance, co-operative banks, all india financial institutions, NBFC, any and every commercial lending institution – it has to be a registered institution on which this will apply not on unstructured institution.
o For all instalments between – 1st March to 31st May
o Installments
§ Principal and interest
§ Bullet payment
§ Equated Monthly Instalment
§ Credit Card Dues
o No impact on CIBIL – have to pay later
o No NPA
o Interest will be stayed only for Working Capital and not for anyone else.
