This Rs 20 lakh crore figure, as the PM said in his speech on May 12, includes the previous Rs 1.7 lakh crore stimulus package announced by Finance Minister Nirmala Sitharaman, various government.
India’s Atma-nirbhar Bharat Abhiyan (Self-reliant India Mission) is of Rs 20 lakh crore (equals to USD 265 billion). Rs 20 lakh crore is not entirely in new spending and includes the Rs 1.7 lakh crore package the government had announced in March as well as Rs 3.7 lakh crore of liquidity support by the RBI in March and another Rs 2 lakh crore in April (RBI support is equivalent to 3.5 per.
With that it's a wrap to the coverage of Finance Minister Nirmala Sitharaman's second press conference on the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi on May 12. Stay tuned to CNBCTV18.com for more news and updates from India and around the world. Share: May 14, 2020. 21:44. FM Nirmala Sitharaman’s stimulus package: Centre's economic package to poor a cruel.
The Rs 20 lakh crore package will help take self-reliant India to a new height in 2020. Land, Labor, Liquidity are the focus of this package. This 20 lakh crore has been allocated for every sector of the country such as workers, farmers, middle class, industry. Detailed information will be given by Finance Minister Nirmala Sitharaman in phases.
Nirmala Sitharaman's Announcement on Economic Package worth Rs.20 Lakh Crore which is named as 'Aatmanirbhar Bharat.'A day after Prime Minister Narendra Modi announced an economic package worth Rs 20 lakh crore or 10 per cent of India's GDP in 2019-20, Union Finance Minister Nirmala Sitharaman is addressing a press conference to elaborate on the Prime Minister's announcement.
From Rs 20 lakh crore economic package to Lockdown 4: Key points from PM Modi’s speech Prime Minister Narendra Modi said India’s vision of turning Covid-19 crisis into opportunity is going to.
As part of the over Rs 20 lakh crore package announced by Prime Minister Narendra Modi, Rs 3 lakh crore was devoted to collateral-free loans to micro, small and medium enterprises, Rs 2 lakh crore.
He said, “Through all this, various sections of the country, the links of the economic system will get the support of 20 lakh crore rupees”. PM Modi said that this crisis is so big, that the biggest systems have been shaken. But under these circumstances, we, the country have also seen the struggle-power of our poor brothers and sisters.