FM Nirmala Sitharaman live news: 2nd tranche of Rs 20 lakh crore Atmanirbhar Bharat Abhiyan package

New Delhi: Finance Minister Nirmala Sitharaman on Thursday laid down the details of the second tranche of the Atmanirbhar Bharat Abhiyan economic package of Rs 20 lakh crore.

Addressing a press conference at the National Media centre, the FM said, today's tranche of package focuses on migrant workers, street vendors, small traders, small farmers.

It may be noted that PM Modi in his speech had emphasised that bold reforms are needed to make the country self-reliant so that the impact of crisis such as COVID can be negated in future that ranges from supply chain reforms for agriculture, rational tax system, simple and clear laws. He also pointed that measures must be in place to attract investment and further strengthen 'Make in India'.

On Wednesday Sitharaman announced the first tranche of measures related to Atmanirbhar Bharat. The FM gave details of 15 new and some enhanced measures to revive businesses. She announced a host of fiscal and regulatory measures for MSMEs, Real Estate, NBFCs, EPF, and Discoms.

Sitharaman also said the Rs 20 lakh crore economic package is to spur growth and build a self-reliant India. The package was finalised after consulting various stakeholders.

Here are the Latest Updates

14 May 2020

20:15 IST

Goa: Eight new positive cases in Goa. 7 of them were Goans but stranded in Mumbai and had come to Goa recently. These patients include 5 members of the same family and their driver. One seafarer who came from Mumbai. He was tested negative in Mumbai and was in-home quarantine in Mumbai for 14 days even after that he was tested positive in Goa. Another driver of a goods vehicle who came from Gujarat.

17:23 IST

FM Sitharaman appreciates media persons, requests to spread words about what the government is doing

17:11 IST

Concessional Rs 2 lakh crore credit to to 2.5 crore farmers via new Kisan Credit Cards. Fishermen and animal husbandry farmers will also be included

17:07 IST

Rs 30,000 crore additional emergency working capital funds through NABARD to help farmers in Rabi harvest and for the preparation of Kharif crops

17:06 IST

Rs 6,000 crore announced for CAMPA funds. This will employ Adivasi and tribal people for afforestation work, forest protection, wildlife protection

17:01 IST

Want to give middle-income group earning between Rs 6 - 18 lakh per year affordable houses under credit-linked subsidy scheme by extending it to March 2021

2.5 lakh middle-class people to get benefited through this move

17:00 IST

Initial working capital of Rs 10,000 will be given to each street vendor

16:57 IST

FM announces Rs 5,000 crore easy credit for all street vendors. 50 lakh street vendors can avail of the Rs 5,000 crore special credit facility

16:54 IST

Government will provide Interest subvention of 2% for prompt MUDRA-Shishu  Loans payees for a period of 12 months

This will give relief of Rs 1500 crore to MUDRA-Shishu loan takers

16:47 IST

Government plans to launch Affordable rental accommodation under PM Awas Yojana under Public Private Partnership. Migrant Workers, Urban Poor to have Affordable Rental Housing Complexes (ARHC) under PMAY scheme 

16:46 IST

One Nation, One Ration by March 2021 for all to allow people to buy ration across any ration depot in the country

Aadhar number of all family members will be seeded in One Nation One Ration card

16:44 IST

Extending EPF Support for business and organised workers for another 3 months for salary months of June, July and August 2020 - will provide liquidity for workers in MSME and other Businesses

16:44 IST

Rs 3,500 crore to be borne by the government for free foodgrain supply. About 8 crores migrants to benefit from this

16:42 IST

Free foodgrain supply to all migrants for next 2 months. All cardholders per person to get 5 kg rice or wheat and 1kg chana per family

16:41 IST

Rs 3,500 crore to be borne by the government for free foodgrain supply

16:37 IST

Free foodgrain supply to all migrants for next 2 months. All cardholders per person to get 5 kg rice or wheat and 1kg chana per family

16:32 IST

Government trying to work on the following: 

Trying for equal wage at national level for national floor rate wage. Every states will have same wage for labourer. 

Scheme for ESIC benefits to companies having 10 employees

ESIC benefits for workers in hazardous condition

Gratuity for all permanent employees

16:32 IST

14.62 crore man days of work has been increased. 2.33 more wage seekers can be engaged

16:29 IST

Wage rate for MNREGA workers has also been increased from Rs 182 to Rs 202

14.62 crore person-days of work generated till 13th May 2020. Actual Expenditure till date is around Rs 10,000 crore

16:29 IST

Government released Rs 11002 crore of its contribution in advance to all States on 3rd April

16:27 IST

MNREGA offering work to 2.33 crore wage seekers in 1.87 lakh Gram Panchyats as of May 13

16:26 IST

Working capital limit of Rs 6,700 crore sanctioned for procurement of agriculture produce to state government entities since March 2020

16:25 IST

3 crore farmers with agricultural loans of Rs 4.22 lakh crore availed benefit of 3 months loan moratorium

16:24 IST

Government has sanctioned Kisan Credit Cards with loan limit of Rs 25,000 crore 

16:23 IST

7200 new Self Help Group have been newly formed, giving livelihoods to urban poor

16:22 IST

Liquidity support for farmers and rural economy has continued in March-April

16:22 IST

NABARD has re-financed 29,500 crore in March to rural banks with support of Rs 4,200 crore for rural infrastructure

16:18 IST

Rs 63 lakh loans of 86,000 crore have been approved in agriculture area during the COVID time

16:18 IST

Interest subvention scheme on farmer loans extended to May 31, 2020: FM

16:13 IST

FM to announce 9 steps today --3 related to migrant workers, 1 housing, 1 related to street vendors, 2 for small farmers, 1 step for employment generation in tribal pockets and 1 step for Sishu Loan within Mudra

16:12 IST

Interest subvention was extended till March, has been further extended till May-end. About 3 crore farmers availed loans at concessional rates

16:03 IST

Today's announcement focuses upon migrant workers, slef employed people, street vendors, small farmers: FM

16:00 IST

Finance Minister Nirmala Sitharaman begins her speech

16:00 IST

Her announcement may also have major sops for farmers in terms of farm loans.

16:00 IST

Sitharaman may announce special fiscal stimulus for the workers of the unorganised sector and also for the migrant workers, sources added.

15:58 IST

As per Zee Media sources, the FM may announce relief package for farmers, labourers and workers of the unorganised sector on Thursday.

15:58 IST

FM announced that the due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 and 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020.

15:58 IST

Simultaneously, to give regulatory relief to businesses Sitharaman announced a six month extension of contracts for contractors by all central agencies and departments including railways, the Central Public Works Department, and Ministry of Road Transport & Highways.

15:58 IST

FM also announced suo-moto extension of the registration and completion date by six months for all registered project expiring on or after March 25, 2020 without individual applications.

15:57 IST

Additionally, Rs 90,000 crore liquidity injection plan was announced for the financially stressed power distribution companies.

15:57 IST

FM has also announced Rs 45,000 crore partial credit guarantee scheme for NBFCs under which the first 20 per cent loss will be borne by the Centre, and even unrated papers will be eligible for investment.

15:56 IST

Government yesterday announced to give a new definition to MSMEs. FM announced Rs 3 lakh crores collateral-free automatic loans for businesses, including MSMEs.