Question

how are important decision taken taken in union government

Answer 1

Answer:

answerThe Union Cabinet meeting held on Wednesday is the first such meet after the Center announced unlock 1.0.

The Cabinet conference which was headed by Prime Minister Narendra Modi has taken multiple significant steps to give strength and acceleration to the Indian Economy. In the Cabinet meeting, several proposals have been approved to speed up the economy. After the meeting, Prime Minister said that all these decisions are historical and a million of Indians will benefit.

Here are the highlights of the significant decisions taken by the Union Cabinet:

2% interest rebate in loans to Small Dealers

MSMEs and other businesses have suffered a tremendous loss due to the lockdown. In these circumstances, the Union Cabinet has accepted the proposal to give a 2% interest rebate to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, for 12 months to eligible borrowers. Union Minister Prakash Javadekar said this will give a 2 percent interest in rebate to crores of beneficiaries which will encourage such traders.