Finance Minister reviews implementation of three Aatma Nirbhar Bharat Packages

According to an official release issued by the Ministry of Finance (MoF), departments of various ministries have activated the announcements under the third Aatma Nirbhar Bharat Packages.
Finance Minister reviews implementation of three Aatma Nirbhar Bharat Packages
Finance Minister, Nirmala File Photo

NEW DELHI: Union Finance Minister Nirmala Sitharaman on Sunday reviewed the implementation of the three Aatma Nirbhar Bharat Packages (ANBPs) with Secretaries of various Ministries and Departments.

According to an official release issued by the Ministry of Finance (MoF), departments of various ministries have activated the announcements under the third ANBP.

The progress of the implementation of the three ANBPs is being monitored by the union finance minister herself, the release stated.

"Under an Emergency Credit Line Guarantee Scheme (ECLGS), as on 04.12.2020, as reported by Public Sector Banks, top 23 Private Sector Banks, top 23 Private Sector Banks and 31 NBFCs, additional credit amounting to Rs. 2,05,563 crore has been sanctioned to 80,93,491 borrowers, while an amount of Rs. 1,58,626 crore has been disbursed to 40,49,489 borrowers," stated the release, as reported by ANI.

"As on 04.12.2020, Public Sector Banks(PSBs) have approved the purchase of a portfolio of Rs. 27,794 crore and are currently in process of approval/ negotiations for Rs. 1,400 crores. The timeline for purchase of bonds of Commercial Papers(CPs) has been further extended till 31.12.2020."

Central Board of Direct Taxes (CBDT) has issued refunds of over Rs. 1,45,619 crore to more than 89,29 lakh taxpayers between 1st April 2020 and 8th December 2020.

"Income tax refunds of Rs. 43,274 crore have been issued in 87,29,626 cases and corporate tax refunds of Rs. 1,02,345 crore have been issued in 1,99,554 cases," it stated.

(Edited by Gabriel G Momin)

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