New Delhi | Jagran News Desk: Finance Minister Nirmala Sitharaman on Thursday addressed the media to spell more details about the Rs 20 Lakh crore stimulus package announced by PM Modi on Monday to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus.

In the second presser, Finance Minister made nine announcements and said, that today's initiatives focuses on migrant workers, street vendors, small traders, the self-employed & small farmers

Yesterday, Sitharaman announced a number relief packages for the MSMEs, NBFCs. She also announced an extension of date for the filing of income tax.

Here are the LIVE Updates from Finance Minister’s second address on Rs 20 lakh crore economic package:

5:20 pm: Rs 30,000 crores additional emergency working capital funding through NABARD; 3 crore farmers to benefit: FM Nirmala Sitharaman

5:15 pm: Rs 2 lakh crore Concessional credit boost to 2.5 crore farmers through KisanCreditCards; Fishermen and Animal Husbandry farmers will also be included in this drive

5:12 pm: To create job opportunities for tribals /adivasis -plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds: FM

5:08 pm: NABARD to extend additional re-finance support of Rs 30,000 crores for crop loan requirement of Rural Co-op banks and RRBs: FM Nirmala Sitharaman

5:04 pm: Government to extend the Credit Linked Subsidy Scheme (CLSS) for middle income group (annual income Rs 6-18 lakhs) up to March 2021; 2.5 lakh middle income families to benefit during 2020-21: FM Nirmala Sitharaman

4:59 pm: Government to support nearly 50 lakh street vendors with Rs 5000 crore Special Credit Facility: FM Nirmala Sitharaman

4:56 pm: Interest subvention support of 2% for those who have availed loans under Mudra Shishu loan (Rs 50,000 or less) will be given after 3 month moratorium period ends. It will benefit over 3 crore people under the shishu category: FM

4:53 pm: Govt to launch a scheme for affordable rental housing for migrant workers/urban poor to provide ease of living by converting govt funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire: FM Nirmala Sitharaman

4:47 pm: One Nation One Ration Card will be implemented- 67 crore beneficiaries in 23 states covering 83% of PDS population will be covered by national portability by August 2020: FM Sitharaman

4:40 pm: Free food grains supply to all migrants for the next 2 months. For non-card holders, they shall be given 5kg wheat/rice per person & 1 kg chana per family/month for 2 months. 8 crore migrants will benefit- Rs 3500 crores to be spent on this: FM

4:34 pm: Minimum wage for workers hiked from Rs 182 to Rs 202 per day. States and UTs have also been told to provide jobs to migrants: FM

4:30 pm: 12,000 self-help groups (SHGs) have produced more than 3 crore masks and 1.2 lakh litres of sanitizers during #COVID19 period. 7,200 new SHGs for urban poor have been formed during the last two months: FM Nirmala Sitharaman

4:27 pm: We have already generated 14.62 crore person-days of work till 13th May, which is 40-50% more persons enrolled as compared to last May. Migrant workers going back to their states being actively enrolled: FM

4:23 pm: Govt has permitted state govts to utilise SDRF for setting up shelter for migrants&providing them food&water etc...We are conscious, we are attending to the migrants and giving them in various different ways: FM Nirmala Sitharaman

4:20 pm: Liquidity Support to Farmers & Rural Economy provided post COVID19 as part of Aatma Nirbhar Bharat Package : Finance Minister

4:18 pm: Direct support to farmers & rural economy provided post Covid-19 as part of Aatma Nirbhar Bharat Package: FM

4:17 pm: Three crore marginal farmers have already benefited from 4 lakh crores. They were also given a moratorium for 3 months not to pay EMIs. In the last 2 months, 25 lakh new kisan cards have been given. This is just to let you know that we have already reached out to marginal farmers: FM

4:15 pm: Interest subvention and prompt repayment incentive on crop loans due from 1st March has been extended to 31st May: FM Nirmala Sitharaman

4:10 pm: Among the 9 measures -- 3 are related to migrant workers, 1 for street vendors, small traders, self-employed people, 2 on small farmers1 on housing: FM

4:07 pm: Today's initiatives focuses on migrant workers, street vendors, small traders, the self-employed & small farmers: FM Nirmala Sitharaman

4:00 pm: Nirmala Sitharaman to start her address shortly. 

3:58 pm:  Watch LIVE Streaming here:

3:55 pm: Economic Package: Deadline for ITR extended till Nov 30, TDS/TCS rates cut by 25%, 6-point strategy for MSMEs

3:50 pm: In the second presser, Finance Minister is likely to announce relief packages for the daily wage earners in the unorganised sector. The presser will also likely to focus on the farmers to help them overcome the economic damage

 

3:45 pm: Finance Minister Nirmala Sitharaman to address media at 4 pm today.

Posted By: Talib Khan