what will the effect on development of india due to covid-19. Suppose that u r the finicial minister of india,then what step will u take to boost india economy??..
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: Union Finance Minister Nirmala Sitharaman on Wednesday (May 13) announced about Rs 6 lakh crore package, including Rs 3 lakh crore of collateral-free loans for small businesses and a Rs 30,000 crore lifeline to non-bank and housing finance companies (NBFCs) as part of measures to help the economy tide over disruptions caused by the coronavirus lockdown.
In her opening remarks, the Finance Minister said that Prime Minister Narendra Modi had laid out a comprehensive vision in his address to the nation yesterday. She said that after spending considerable time, the Prime Minister has himself ensured that inputs obtained from widespread consultation form a part of an economic package in the fight against COVID-19.
“Essentially, the goal is to build a self-reliant India that is why the Economic Package is called Aatma Nirbhar Bharat Abhiyaan. Citing the pillars on which we seek to build Aatma Nirbhar Bharat Abhiyaan, FM Sitharaman said that our focus would be on land, labour, liquidity and law."
“Soon after Budget 2020 came COVID-19 and within hours of the announcement of lockdown 1.0, Pradhan Mantri Garib Kalyan Yojna (PMGKY) was announced,” she said, adding "we are going to build on this package."
The Finance Minister unveiled the Prime Minister’s vision for Aatma Nirbhar Bharat: