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Nirmala Sitharaman reveals 2nd tranche of govt’s Rs 20 lakh crore stimulus bundle: Key points

Byindianadmin

May 14, 2020 #crore, #stimulus
Nirmala Sitharaman reveals 2nd tranche of govt’s Rs 20 lakh crore stimulus bundle: Key points

NEW DELHI: Union financing minister

Nirmala Sitharaman

on Thursday revealed the second tranche of procedures of the government’s “atmanirbhar (self-reliant) campaign”. With a view to revive the economy shuttered by the coronavirus lockdown, PM

Narendra Modi

had actually announced a Rs 20 lakh crore unique

economic plan


In its very first instalment on Wednesday, Sitharaman had announced Rs 3 lakh crore collateral-free automatic loans for services, consisting of MSMEs, as well as Rs 30,000 crore liquidity center for NBFCs, to name a few procedures.

Here are the bottom lines from the finance ministers’ address:

Government extends Rs 30,000 crore extra emergency credit assistance for farmers and around 3 crore farmers will benefit from this.

The centre will supply complimentary foodgrains to all migrants for the next 2 months. Non-card holders (migrants without NFSA or state card beneficiaries) will be given 5 kg



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