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Wednesday, May 13, 2020

Big announcement: Nirmala Sitharaman's press conference: Who got what in the Rs 20 lakh crore package


On Tuesday, Prime Minister Modi announced a Rs 20 lakh crore package to boost the economy amid the Koro crisis. Finance Minister Nirmala Sitharaman is giving detailed information about the package.

You may like Out of the Rs 20 lakh crore package, Rs 3 lakh crore will go to MSMEs i.e. micro, small and medium enterprises. They will get a loan without a guarantee. Its term will be 4 years. They will get 12 months exemption. The plan is until October 31, 2020. 

MSMEs under stress will be given cash of Rs 25,000 crore subject to dates. Let me tell you that MSMEs include small and medium enterprises.

Public sector related reforms like banks, banks were recovered.

According to the finance minister, DBT has been transferred to the accounts of 41 crore Jan Dhan account holders.

The finance minister said that apart from PM Modi, many departments and concerned ministries have been involved in discussions on a Rs 20 lakh crore package.

Significantly, Prime Minister Narendra Modi has announced a strong booster dose of Rs 20 lakh crore to support the economy against the backdrop of the Koro crisis. Addressing the nation on Tuesday, PM Modi said the package would support the country's economy and enable India to lead the world. The Prime Minister has announced bold reforms in many areas. The Prime Minister announced reforms in all sectors from agriculture to infrastructure, taxes.





Prime Minister Narendra Modi has announced an economic package of Rs 20 lakh crore to strengthen the country's economy in the wake of the Corona epidemic. PM Modi has announced this package to make the country self-reliant.

Finance Minister Nirmala Sitharaman has announced an economic package for medium enterprises (MSMEs). This is part of a similar relief package of Rs 20 lakh crore announced by Prime Minister Narendra Modi yesterday. Nirmala Sitharaman announced that a loan of Rs 3 lakh crore would be given to MSMEs.

Nirmal Sitharaman said that this package has been announced keeping in view the vision of a self reliant India. By this we want to make the local brand global. MSME industry will be given unsecured loan which will have to pay interest without principal for one year. 20,000 crore has been provided for MSMEs. 2 lakh MSMEs will benefit from this.


MSMEs that are capable but have suffered losses from Corona will be supported by a Rs 10,000 crore fund for business expansion, announced by the Finance Minister. Along with this, the Prime Minister has announced bold reforms in many areas. The Prime Minister announced reforms in all sectors from agriculture to infrastructure, taxes. Still the finance minister will make other announcements in the coming days.

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 post source : https://gujratkhabar.in/2020/05/13/fm-press-conferance-msme/

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