Following outbreak of COVID-19 pandemic and national lockdown, state revenue falls to 20% in past 3 months, says Tripura chief minister Biplab Kumar Deb
Agartala: Tripura chief minister Biplab Kumar Deb on Friday announced that the state would receive Rs 4,802.88 crore from the Centre from the Rs 20 lakh crore stimulus package announced by the Union government amid COVID-19 crisis.
Speaking at a press conference, Deb said that the economic stimulus package of Rs 4,802.88 crore divided into five categories would cover all segments giving over Rs 2,000 crore for the agriculture sector.
The package includes direct support to farmers and rural economy, support to urban poors, upgrade of industrial infrastructure, stimulus to industries, increase in borrowing limit and increase in MGNREGA allocation with Rs 160 crore.
“The state government had identified 500 MSMEs in Tripura and those who are yet to join the MSME must register themselves in order to avail the benefits of the stimulus package,” Deb said.
He also said that the tax collected from 2,663 taxpayers up to Rs 5 lakh would be refunded, amounting to a total of Rs 8.43 crore. Relaxation on debit card holders to withdraw from any ATM for the next three months will also be given.
“The state government would spread awareness in agriculture sector and around 1.42 lakh new Kisan Credit Cards (KCC) holders would receive credit support up to Rs 45,000 on an average,” Deb added.
Speaking further, Deb said that 54,260 farmers availed of agricultural loan in the months of March and April, while the migrant and urban poor would receive support of Rs 34 crore.
“Tripura is expecting to receive major awards from the package in different segments which include-- credit support to new KCC holders, liquidity support to farmers, collateral free loans to businesses including MSMEs, payments to DISCOMs, increase in borrowing limit, upgradation of industrial infrastructure like a forthcoming Special Economic Zone (SEZ) at Sabroom in South Tripura etc”, Deb said.
The government would also provide special credit for street vendor’s working capital loan of Rs 10,000 and sishu loans to around 45,196 beneficiaries with outstanding loan.
The lowest share from the stimulus package are PM Fasal Bima Yojana with Rs 16 lakh, animal husbandry with Rs 50 lakh, EPF contribution to business with over 100 employees of Rs 1.46 crore, promotion of herbal cultivation.
Deb also said following the outbreak of the pandemic and lockdown the state revenue had fallen down to 20% in the last three months and the share of taxes has also fallen down by 30% recently.
Speaking about the Centre’s decision to revise labours laws and increase working hours to 13 hours, Deb said that the call is temporary and necessary in order to revive the economy of the country.
“The government has appealed the people for working extra time up to 12 hours working shifts as this a testing period to revive the economy and attract companies coming out of China,” Deb said.
The Centre has announced Rs 13,343 crore package for preventing animal disease as part of stimulus package, of which Tripura would receive Rs 7.35 crore.
He also said that a meeting with the national medical team was held national medical team and the team would soon place the report on their observation. “Once the report medical team submits the report that would be forwarded to MHA with states opinion since the BSF comes under the central authorities,” Deb added.