Finance Minister Nirmala Sitharaman said the government will spend Rs 3,500 crore on food for nearly 8 crore migrant workers over the next two months, to support help them against the fallout from the coronavirus pandemic and the weeks-long nationwide lockdown.
The announcements , came as part of the second set of measures under the government’s “Atma Nirbhar Bharat” economic package to battle the damage caused to the economy due to the COVID-19 outbreak. Thursday’s announcements – focused on migrant workers, street vendors, self-employed individuals, farmers and small traders – were part of the fiscal and monetary package worth Rs 20 lakh crore announced by Prime Minister Narendra Modi on Tuesday to prop up the ailing economy. The government plans to extend a bank loan interest subsidy programme for affordable housing to rented housing for migrant workers, the Finance Minister said.
Highlights of 2nd set of “Atma Nirbhar Bharat” announcements:
Activities through banks have been happening; 63 lakh agricultural loans worth Rs 86,600 crore approved between March 1 and April 30…Read more>>