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Coronavirus crisis | FM Sitharaman may soon announce massive Rs 3 lakh crore stimulus package: Report

The government recently announced its plans to borrow 54% or a little over Rs 4 lakh crore more than budgeted estimates of Rs 7.8 lakh crore.

May 12, 2020 / 03:00 PM IST

Finance Minister Nirmala Sitharaman may announce a massive economic stimulus package worth Rs 3 lakh crore later this week, according to a report in the Business Standard.

Other ministries are also expected to offer revival packages for their respective sectors.

The spending on all the initiatives put together is expected to rival that offered by G-20 nations in terms of percentage of GDP.

Moneycontrol could not independently verify the report.