PM Modi emphasises food security to farmers, vendors via Centre's 2nd economic tranche

Hailing Centre's second set of anuncements to help boost ecomy, PM Narendra Modi, on Thursday, said that it will benefit farmers and migrant workers. He added that measures will boost food security, credit to farmers and street vendors. se anuncements are a part of PM's declaration to make a 'self-reliant' India, amid Coronavirus (COVID-19) crisis.

Centre anunces 9 steps to benefit migrants, farmers, vendors in second ecomic tranche

PM Modi hails 2nd ecomic tranche

Sensex loses 885 points ahead of FM Sitharaman's second tranche of ecomic reforms

FM's 9 key anuncements

Earlier in day,  Finance Minister Nirmala Sitharaman, anunced nine measures to aid migrant workers, street vendors, small farmers, self-employed people by rolling out free food grains, nationalised ration card, affordable rental housing for urban poor - all aimed at India's migrant population. She also anunced interest reduction for Shishu loans under MUDRA, credit facility for street vendors, extended affordable housing scheme till March 2021. Apart from se, she anunced an employment scheme for tribals using CAMPA funds, Emergency working capital fund via NABARD, and Rs. 2 lakh crore concessional credit boost for farmers.

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PM Modi's Rs 20.lakh crore booster

On Tuesday, PM Modi anunced a Rs 20 lakh crore ecomic pack - including previous menetary pack and liquidity measures anunced by RBI till date (amounting to 10.26 lakh crore) to kickstart Indian ecomy's growth. Following Prime Minister's anuncement of a self-reliant India, 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. next slew of anuncements is scheduled in coming few days, before Lockdown 4.0 is imposed on May 18.

Coronavirus Live Updates: Cases at 78,003; Govt rolls out 9 measures for migrants, farmers