The Economic Package Will Benefit Migrant Workers, Street Vendors: FM

Publish On: 14 May, 2020 05:58 PM | Updated   |   Madhurima  

NEW DELHI: Nirmala Sitharaman, India's Finance Minister on Thursday, May 14 said the second tranche of the economic stimulus package will benefit migrant workers, street vendors, and small scale farmers.

Emphasising on heading towards building a self-reliant India, she talked about Thursday's initiative, which is that the second tranche, focuses on migrant workers, street vendors, small traders, self-employed and small scale farmers. She insisted the motive consists of nine steps benefiting each category.

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"Three steps for migrant workers, 1 for ''Sishu'' loan within Mudra, one associated with street vendors, one to housing, one for employment generation for tribals, and two associated with small farmers," Sitharaman said.

The Minister assured that there'll be more steps for farmers in the near future apart from these measures.

Sitharaman said the govt. is extremely concerned with the problems concerning the migrant workers, and within hours c announced the lockdown, the Pradhan Mantri Garib Kalyan Yojana was made operational for the poor.

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Unveiling the second tranche of the economic package, she added that 3 crore farmers availed Rs 4.22 lakh crore loans on concessional rates and profited from three-month loan moratorium. "Interest subvention and prompt repayment incentive on crop loans due from March 1 extended up to May 31. 25 Lakh new Kishan credit cards sanctioned with a loan limit of Rs 25,000 crore," she said.