




The move is expected to generate nearly 300 crore person days in total, the finance minister said, adding that the move will especially benefit those migrant workers who have returned to their native villages.
The latest measures under the Aatmanirbhar Bharat Abhiyan focused on sectors such as coal mining, defence, aviation, and space.
FM Nirmala Sitharaman said that social infrastructure projects suffer from poor viability and that the government will enhance the quantum of VGF up to 30 percent each of the total project cost.
Finance Minister Nirmala Sitharaman gives the finer details of the Rs 20 lakh crore stimulus announced by Prime Minister Narendra Modi earlier this week.
FM Sitharaman also announced that Ordnance Factories will be corporatised, clarifying that corporatisation is not the same as privatisation.
A joint auction of bauxite and coal mineral blocks will be introduced to enhance the Aluminium industry's competitiveness, said sitharaman
The announcement was a part of the fourth set of measures under the Rs 20 lakh crore COVID-19 relief package.
The finance minister said the measures announced under the third tranche focus on agriculture and allied sectors.
Here is a 3 point analysis on the key measures announced by the Finance Minister.
In this edition of Business Insight, find out how the government is financing the COVID-19 economic package.
In her second press briefing, Sitharaman's announcements focused on migrants, street vendors, small farmers, small traders and the self-employed.
A total of 9 measures were announced, which focused on food and housing for migrant workers and the urban poor
The FM announced the next set of measures as part of the government's Rs 20-lakh crore package to counter the debilitating impact of the COVID-19 outbreak.
NABARD will offer this working capital fund to meet the crop loan requirement of farmers via rural co-operative banks and regional rural banks.
Around 2.5 crore farmers are expected to benefit from this move, the finance minister said.
The finance minister said that the CAMPA funds will help generate employment for tribals and adivasis in the areas of afforestation and regeneration.
Around 50 lakh street vendors will be able to avail credit via this scheme as they restart their businesses once the lockdown is lifted.
FM outlines a tranche of the contours of India’s massive Rs 20 lakh crore fiscal stimulus announced by Prime Minister Narendra Modi.
FM outlines a tranche of the contours of India’s massive Rs 20 lakh crore fiscal stimulus announced by Prime Minister Narendra Modi.
This is part of the three measures the government has proposed to support migrant workers