Global Trade Alert
Global Trade Alert

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

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Number of interventions

4

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
Financial investment support In force

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 Fund of Fu...

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Updated: 12 May 2020
Public procurement access In force

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 that all...

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Updated: 12 May 2020
Lending support In force

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 package, the...

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Implementation date

13 May 2020

Revocation date:

29 Sep 2021

Updated: 12 May 2020
Loan guarantee

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 COVID-19 pandemic. As part ...

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