₹1 trillion at a floating rate linked to its policy repo rate. The liquidity availed under TLTROs can also be used to extend bank loans to growth-oriented sectors.
This was done to ensure smooth bank credit operations. On feedback from market participants, the central bank also decided to increase its special open market operations to ₹20,000 crore.
In addition, as recently as late June this year, India’s finance ministry further announced an economic package of ₹628,993 crore covering three broad areas—pandemic relief, strengthening public health, and growth and employment.
While eight of the 17 schemes announced are aimed at providing economic relief to both people and businesses affected by covid, the ministry also has a special focus