Finance minister Nirmala Sitharaman on Monday announced a one-time ₹10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy. This ₹10,000 advance will come as a pre-paid rupay card, which can be availed and spent by March 31, 2021. The repayment will be in 10 installments, Sitharaman said adding that ₹4,000 crore is likely to be spent on this.