LIVE: Which sector in the package of 20 lakh crores how much? Finance Minister will give details at 4 pm
FM Nirmala Sitharaman Announcements LIVE News Updates: On the announcement of Prime Minister Narendra Modi’s package of 20 lakh crore, Finance Minister Nirmala Sitharaman made several announcements on micro and small and medium industries. The Finance Minister announced up to Rs 6 lakh crore out of the Rs 20 lakh crore package from the government. Sitharaman announced an unsecured loan of Rs 3 lakh crore to MSMEs. He said that 45 lakh micro, small and medium industries will benefit from this move of the government. Nirmala Sitharaman has announced to provide relief to MSMEs from paying the installment for one year. 6 steps have been taken for MSMEs. The loan has a term of four years. MSMEs with loans up to 2500 crores will benefit.
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An announcement of help of Rs 90 thousand crore to the power distribution companies was also announced by the Finance Minister. Union Minister R.K. K. Singh said that the Government of India which has announced a package for the power sector today, will bring great relief. The power sector was under pressure due to the lockdown. Collections of companies were reduced to 10–15%. They did not have the condition that they could pay the generation companies. At the same time, the Finance Minister said that the government has decided to provide assistance to less than 15 thousand salary. The government will deposit 24% of the salary of such people in PF accounts. The Finance Minister said that the government has decided to provide assistance to less than 15 thousand salary. The government will deposit 24% of the salary of such people in PF accounts.