Today's economic updates by Government- More focus on migrant laborers.
Economic News-Second phase of economic package announcement by the Finance Minister.
9 Big Announcement
⇛Free Ration to 8 crore migrant laborers for the next two months in the 2nd Phase of the economic package The central government will spend 3,500 crores for the next two months from tomorrow.
⇛One country one ration card for the next three months. But before this, 67 crore poor people will get the benefit of ration card portability.
⇛Migrant laborers will get low rent rates. Under "Pradhan Mantri Awas Yojana", a scheme for a rented house will be launched. small industries and Manufacturing Units will also be given Investment.
⇛Relief to the moneylender. Small businessmen have suffered the most due to Lockdown. The government will give a 2% discount on the interest charged on the loan.
⇛Subsidy on housing loans from 6 lack to 14 lack annual income. They will get different discounts in interest. The government will spend 70 thousand crores.
⇛5000 crores for 50 lacks street vendors. Street vendors will be provided with a special credit of up to Rs 10,000, so that they have cash for their employment needs.
⇛2.5 lacks to 2 lacks crores for the farmer.
Farmers will get loan facilities at low rates. 2.5 crore farmers, fishermen and cattle rearers will be able to take advantage of this.
⇛Help for the farmers, of 30 thousand crores. The government will help NABARD to make loans easily available to farmers for crops.
⇛The government will spend Rs 6,000 crore on the tribals.
In urban villages and town areas, employment opportunities for tribals will be increased.
Read all the relief packages announcements.
https://businessdip.blogspot.com/2020/05/relief-package-part-5th-by-government.html
https://businessdip.blogspot.com/2020/05/economic-news-of-4th-relief-package-by.html
https://businessdip.blogspot.com/2020/05/third-phase-of-relief-package-economic.html
https://businessdip.blogspot.com/2020/05/latest-economy-news-finance-ministers.html
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