Categories: Business

PM announce 20 lakh cr economic package to fight corona


Package for economy

new Delhi. In his address to the country, Prime Minister Narendra Modi has announced a big relief package to boost the economy. According to the Prime Minister, the entire package will be worth 20 lakh crore rupees with the last package and this new package. The amount of the relief package announced in March has also been included. According to Prime Minister Modi, this package will help in making the country self-reliant.

According to the Prime Minister, the Finance Minister will share information about this package in the coming days. However, in his address, the Prime Minister indicated that the emphasis of this package will be in making the country self-reliant and in providing relief to the MSME sector. He said that the package is about 10 percent of India's GDP, through all this, various sections of the country will get support of Rs 20 lakh crore to the links of the economic system. According to him, the emphasis is on land laborers cash and rules in the package. The PM said that this economic package is for the country's cottage industry, home industry, small and medium workers and farmers and middle class.

Along with this, the Prime Minister has also indicated improvement measures in the coming time. According to him, to make the country self-sufficient, it is necessary to proceed with major reforms. Due to the reforms that took place in 6 years, today India's systems have looked more efficient in times of crisis. Now this scope of reform has to be broadened. The Prime Minister indicated that the reforms will now be done to build the entire supply chain related to farming, tax system, simple laws, infrastructure, and strong financial system. Encourage business and strengthen the resolve of Make in India.

Along with this, while talking about Make in India, the Prime Minister also asked people to join the promotion and propagation of Swadeshi.

This post was published on May 12, 2020 9:58 pm

Content Team

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