India: Package announced to support the economy in response to the COVID-19 pandemic (May 2020)

Announcement

12 May 2020

India has announced a stimulus package to support individuals and businesses affected by the COVID-19 pandemic.

Source

Number of interventions

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 May 2020

Revocation date:

No revocation date

Updated: 12 May 2020

Capital injection and equity stakes (including bailouts) In force

<p>On 12 May 2020, the Indian Prime Minister announced a package to support the economy affected by the COVID-19 pandemic. To support the Micro, Small, and Medium Enterprises (MSMEs) a ...

Updated: 12 May 2020

Public procurement access In force

<p>On 12 May 2020, the Prime Minister of India announced a relief package in response to the COVID-19 pandemic. As part of the package, it was announced on 13 May 2020 by the Finance Minister th...

Updated: 12 May 2020

Loan guarantee In force

<p>On 12 May 2020, the Indian Prime Minister announced a package worth INR 2 million crores (~ USD 266.34 billion) to support the economy affected by the COVID-19 pandemic. As part of the packag...

Implementation date

13 May 2020

Revocation date:

29 Sep 2021

Updated: 12 May 2020

Loan guarantee

<p>On 12 May 2020, the Indian Prime Minister announced a scheme titled the "Emergency Credit Line Guarantee Scheme (ECLGS)" to support the economy affected by the COV...