Centre rolls out 16 measures in 72 days; ₹2.55 lakh crore ECLGS 5.0 credit line targets MSMEs and traders
FinMin says ₹1 lakh crore revenue loss from excise cut won't dent fiscal stability. Package includes ECLGS 5.0 (₹2.55 lakh crore for MSMEs/traders), gold-silver-platinum import duty hikes, SEZ domestic-sale window, and petrochemical input duty exemptions for textiles—signalling sustained policy support for retail supply chains.
What happened
Government of India · Centre says fiscal headroom intact despite ₹1 lakh crore revenue loss from petrol/diesel excise cut. Rolled out 16 measures including
Key facts
- ₹1 lakh crore revenue loss
- ₹10/litre excise cut
- ₹1 lakh crore Economic Stabilisation Fund
- ₹2.55 lakh crore ECLGS 5.0 credit
- ₹5,000 crore airlines
- ₹12,980 crore Bharat Maritime Insurance Pool
- 16 measures in 72 days
Why this matters
Cheaper MSME credit and the SEZ domestic-sale window open a window to acquire or partner with stressed small suppliers and SEZ-based manufacturers seeking domestic distribution at favourable valuations.