FM Nirmala Sitharaman Announces 2nd Tranche of Economic Package

Honorable Finance Minister Nirmala Sitharaman Announces 2nd Trance of Economic Package. At today’s press conference by Union Minister of Finance & Corporate Affairs focus on poor, including migrants and farmers, Announce 9 steps. In this 9 steps three related to the migrant workers, 1 related to mudhra loan/ street vendors/ housing/ employment generation largely for tribal. Also 2 related to small farmers.

Also Finance Minister at today’s press conference says Direct Support to Farmers & Rural Economy Provided post COVID i.e 3 crore farmers with agricultural loans of Rs. 4.22 lakhs crore availed the benefit of 3 months loan moratorium. Also, Interest subvention and prompt repayment incentive on crop loans, due from 1st March, extended up to 31st May 2019.

FM Nirmala Sitharaman Announces 2nd Tranche of Economic Package

At press conference held on today 4.00 PM Union Minister of Finance & Corporate Affairs says 25 lakh new credit cards sanctioned with a loan limit of Rs/-25,000 crore, 63 lakh loans of 86,000 crore approved in agricultural between 1.3.2020 to 30.04.2020, Refinancing of Rs/-29,500 crore provided by NABARD to Cooperative Banks & Regional Rural Banks in March 2020, Support of Rs/-4,200 crore provided under rural infrastructure development fund to states during march, 2020 for rural infrastructure

Working capital limit of Rs/-6,700 crore sanctioned for procurement of agricultural produce to state government entities since march, 2020.

Supporting For Migrants and Urban Poor During Last 2 Months 

Just conducting press conference Finance Minister says Government of India have permitted state governments to utilize State Disaster Response Fund (SDRF) for setting up shelter for migration and providing them food and water etc

Central government also released Rs/-11002 crore of its contribution in advance to all states on April to arguments funds their SDRF.

Hypothetically prepared three meals a day provided for the residents of shelters for Urban Homeless (SUH) during for lockdown w.e.f march 28, 2019

Distributing Revolve Fund (RF) to self helf groups was on-boarded on PAISA Portal n April 2020 on a pilot basis in Gujarat and is now being rolled out across all the states in May 2020