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FM Nirmala Sitharaman speech HIGHLIGHTS: Rs 20,000 crores for MSMEs, EPF support and more



FM Nirmala Sitharaman Speech HIGHLIGHTS: Union Finance Minister Nirmala Sitharaman Wednesday unveiled details of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday.

Announcing a special package for Micro, Small and Medium Enterprises (MSMEs), Sitharaman announced that the government will provide stressed MSMEs with equity support and facilitate the provision of Rs. 20,000 Crores as subordinate debt.

On Tuesday evening, PM Modi pitched for a self-reliant India in the post Covid-19 world as he announced an economic package that is about 10 per cent of the country’s GDP. The prime minister had said the package would help every section including workers, farmers, middle class, industrial units and the MSME sector.

source: IndianExpress

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