Central government will give loan to 50 lakh people selling goods on street, street and cart, allocation of 5000 crores in economic package

Prime Minister Narendra Modi has launched the ‘Self-reliant India Campaign’ to fix the country’s economy deteriorated by the Corona crisis. Under this, an economic package of 20 lakh crore rupees has also been announced. Finance Minister Nirmala Sitharaman has informed the country in detail about this for the second consecutive day today. In this package, the government is trying to take care of every section.

The Finance Minister said that a provision of Rs. 5000 crore has been made under the economic package to give loans to 50 lakh people who sell goods on street, street and cart. Under this scheme, a maximum loan of 10 thousand rupees will be available per person.

Government to support nearly 50 lakh street vendors with Rs 5000 crore Special Credit Facility: FM Nirmala Sitharaman pic.twitter.com/TbfREjOpm5

– ANI (@ANI) May 14, 2020

Finance Minister Nirmala Sitharaman said that the government will come up with a loan scheme in one month for street, street, hawkers. Under this, loan assistance of 5 thousand crore rupees will be given to 50 lakh hawkers. They can easily take a loan of up to 10 thousand rupees. So that they can resume their work after the lockdown is over. Such mobile payment ferries will be encouraged and will get additional loan in the coming time.

Subsidy scheme extended for one year on housing loan
The Housing Loan Subsidy Scheme, introduced in 2017 for the middle class with an annual income of Rs 6-18 lakh to boost the housing sector, has been extended till 31 March 2021. For this, a package of 70 thousand crores has been given. 2.5 lakh people will benefit from it in a year. This will benefit the housing sector and will also create new jobs.