Sitharaman also said that the Rs 10,000 crore scheme for the formalisation of MFE promotes Prime Minister Narendra Modi's vision of 'Vocal for Local with global outreach.'
Sitharaman has been announcing the tranches of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman will hold a press conference at 4 pm today. This is going to be her third press briefing in as many days.
On Thursday, Finance Minister Nirmala Sitharaman announced the second tranche of Modi government’s “Atmanirbhar Bharat Abhiyan” package worth Rs 20 lakh crores to restart the economy following the coronavirus lockdown
Finance Minister Nirmala Sitharaman on Thursday announced Rs 30,000 crore as emergency funds for farmers hit by the unprecedented coronavirus crisis. It will benefit around 3 crore farmers.
The Finance Minister also announced the introduction of "One Nation One Ration Card" enabling migrants to access food grains through the Public Distribution System (PDS) from any fair price shop in India by March 2021.
Beginning today, for the next few days, I shall be coming here with the entire team of the Ministry of Finance to detail the Prime Minister’s vision for AatmaNirbhar Bharat laid out by the Prime Minister yesterday,Sitharaman said.
Nirmala Sitharaman addressed a press conference this evening and broadly gave how the PM’s special economic package will be distributed across various sectors, so as to enable them in making India ‘self-reliant’.
Union Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loans for businesses, including MSMEs.Sitharaman stated that borrowers with up to Rs 25 crore outstanding and Rs 100 crore turnover will be eligible for these.
"In a major initiative, we announce Rs 3 lakh crore collateral-free automatic loans for businesses, including SMEs. Collateral free loan to be provided to SMEs with 12-month moratorium; 45 lakh units to benefit," Sitharaman said.