Social Protection And Stimulus packages Pivotal In India's Economic Recovery Says Finance Minister

The Union Minister of Finance & Corporate Affairs Nirmala Sitharaman has stated that the social protection and economic stimulus packages brought out by the Government of India, along with timely structural reforms in various sectors, have been pivotal in India's economic recovery process. The stimulus packages, including the credit guarantee scheme for micro finance institutions, boosters for project exports through National Export Insurance Account, additional subsidies for fertilizers, free food grains for 800 million people under the Pradhan Mantri Garib Kalyan Yojana, and several welfare schemes with a strong public health focus, helped to effectively and efficiently boost the economy and protect lives and livelihoods, especially of the poor and vulnerable.

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