Nirmala Sitharaman Reviews Implementation Of Aatma Nirbhar Bharat Package

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Finance Minister Nirmala Sitharaman has concluded a comprehensive review of Aatma Nirbhar Bharat Package (ANBP) with the Secretaries of various Ministries/Departments, the Ministry of Finance said on Sunday. In an official release, the Ministry of Finance said the Ministries and Departments concerned have started implementing the announcements under the three Aatma Nirbhar Bharat Packages. The progress of implementation is being reviewed and monitored regularly.

As per the release, the Finance Minister Sitharaman on Friday concluded a comprehensive review of ANBP with the Secretaries of various Ministries/Departments concerned over three days.

“Under an Emergency Credit Line Guarantee Scheme (ECLGS), as on 04.12.2020, as reported by public sector banks, top 23 private sector banks and 31 NBFCs, additional credit amounting to ₹ 2,05,563 crore has been sanctioned to 80,93,491 borrowers, while an amount of ₹ 1,58,626 crore has been disbursed to 40,49,489 borrowers,” the release said.

“As on 04.12.2020, public sector banks (PSBs) have approved the purchase of a portfolio of ₹ 27,794 crore and are currently in process of approval/negotiations for ₹ 1,400 crores. The timeline for purchase of bonds or commercial papers (CPs) has been further extended till 31.12.2020,” the release further said.

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