FM Sitharaman to reveal 3rd tranche of PM Modi's Aatmanirbhar Bharat package at 4 PM today

After anuncing relief measures for MSMEs, street vendors, migrants, small farmers, self-employed people, Finance Minister Nirmala Sitharaman is all set to anunce third tranche of Aatmanirbhar Bharat pack at 4PM on Friday. 

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PM Modi's Rs 20 lakh crore stimulus pack

Prime Minister Narendra Modi on Tuesday anunced Rs 20 lakh crore ecomic pack to to kickstart Indian ecomy's growth amid Coronavirus crisis.  PM had said that this includes  previous monetary pack and liquidity measures anunced by RBI till date (amounting to 10.26 lakh crore). He said that  aim is to make India self-reliant (Aatmanirbhar). According to him, earlier decisions of Centre along with new pack totals to Rs.20 lakh crore- i.e 10% of India's GDP.  

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First tranche by FM Sitharaman

FM Sitharaman on Wednesday anunced reforms that involved 3 lakh crore collateral-free automatic loans for businesses, Rs. 50,000 crore equity infusion through MSME Fund, redefining 'MSME', disallowing global tenders upto Rs 200 crores, Rs.30,000 crore liquidity facility for NBFCs/HFCs/MFIs, Rs.90,000 crore liquidity injection for DISCOMs among a few. She also mentioned that focus of pack is on factors of production- land, labour, liquidity and ors.

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FM Sitharaman's second tranche

On Thursday, Finance Minister Sitharaman anunced nine steps to aid migrant workers, street vendors, small farmers, self-employed people. She rolled out free food grains, nationalised ration card, affordable rental housing for urban poor - all aimed at India's migrant population. She also extended several schemes for housing, street vendors and housing to provide relief till March 2021. 

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