x
Help Us Guide You Better
best online ias coaching in india
2020-05-15

Download Pdf

banner

Indian Economy
www.livemint.com

NEW DELHI : Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of 20 trillion economic stimulus packages to reboot in the Indian economy hit coronavirus pandemic. The finance minister’s today stimulus packages aimed at helping thousands of street vendors, migrant workers, small traders, the self-employed and small farmers worst hit by COVID-19.

The finance minster announced a special credit facility for street vendors keeping in view the adverse impact on their livelihood due to the coronavirus lockdown.

“The government to support nearly 50 lakh street vendors with 5,000 crore special credit facility, the finance minister said. The government will provide initial working capital up to 10,000 to the street vendors," the minister added.

Government to support nearly 50 lakh street vendors with 5000 crore Special Credit Facility: FM Nirmala Sitharaman pic.twitter.com/TbfREjOpm5

Sitharaman said the government would launch a special scheme within a month to facilitate easy access to credit to street vendors.

Digital payments would be incentivized through monetary rewards and enhanced working capital credit would be for good repayment behaviour, the finance minister added.

Click here to read the Mint ePaper Livemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Log in to our website to save your bookmarks. It'll just take a moment.

Your session has expired, please login again.

You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.

END
© Zuccess App by crackIAS.com