Nirmala Sitharaman Press Conference Live Updates: Financial package to be unveiled shortly

@nsitharaman https://www.freepressjournal.in/business/nirmala-sitharaman-press-conference-live-updates-financial-package-to-be-unveiled-shortly

The package is to built a self-reliant India: FM Nirmala Sitharaman

PM has laid out a comprehensive vision and that vision was laid out after wide consultations with several sections of the society: FM Nirmala Sitharaman

Focus on land, labour, liquidity and law: FM Nirmala Sitharaman

Intention to build local brands and make them into global ones: FM Nirmala Sitharaman

Five pillars of 'Atmanirbhar Bharat- economy, infrastructure, system, demography and demand: FM @nsitharaman

#Atmanirbhar India does not mean India is to be an isolationist country: FM @nsitharaman

The Government under PM @narendramodi has been a listening and responsive government, hence it is fitting to recall some reforms which have been undertaken since 2014, says FM @nsitharaman

The Direct Benefit Transfer, Microinsurance schemes, PM Awas Yojana, PM Ujjwala Yojana, Swachh Bharat and Ayushman Bharat were all transformative reforms which have benefited the poor in a big way: FM @nsitharaman

We ensured that ₹18,000 crore of refund was given to all taxpayers, the intention being that liquidity should be in the hands of the people. 14 lakh taxpayers have benefited from this: FM @nsitharaman

FM @nsitharaman announces Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs.

Collateral-free automatic loans to MSMEs worth Rs 3 Lakh Crore. These have 4-year tenor, valid up to October 31st, 2020: Finance Minister Nirmala Sitharaman (PIB image)

To provide stressed MSMEs with equity support, Government will facilitate provision of Rs. 20,000 cr as subordinate debt: FM @nsitharaman (PIB image)

Rs 50,000 cr. Equity infusion for MSMEs through Fund of Funds; to be operated through a Mother Fund and few daughter funds; this will help to expand MSME size as well as capacity: FM @nsitharaman (PIB image)