Explain the various measures taken by the centre to support the state governments during recent pandemic. (200 Words)
Refer - Economic Survey V-II Chapter 2
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· Under the Atma Nirbhar Bharat package, additional borrowing limit of up to 2% of Gross State Domestic Product (GSDP) was allowed to the States.
· 1 % of GSDP was subject to implementation of following four specific State level reforms.
a) Implementation of One Nation One Ration Card System;
b) Ease of doing business reform;
c) Urban Local body/ utility reforms; and
d) Power Sector reforms.
· Government had given the states an option to either borrow the shortfall arising out of GST implementation through issue of debt under a Special Window, to compensate for the loss of GST revenue
· Special assistance is being provided to the State Governments in the form of 50-year interest free loan up to an overall sum not exceeding ` 12,000 crore.
· The Central Government by way of a special one-time dispensation had decided to treat
· COVID-19 as a notified disaster for the purpose of providing ass istance under SDRF.
· The states’ limit for spending the SDRF during FY 2020-21 was raised to 50%, in order to support them in containment measures of COVID-19 including measures for quarantine.
Dev 3 years
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IAS Parliament 3 years
Good attempt. Keep Writing.
