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

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

By Zee Media Bureau | Last Updated: Thursday, May 14, 2020 - 20:21

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, 20:21 PM

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.

14 May 2020, 17:23 PM

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

14 May 2020, 17:12 PM

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


14 May 2020, 17:11 PM

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

14 May 2020, 17:07 PM

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

14 May 2020, 17:06 PM

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

14 May 2020, 17:01 PM

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

14 May 2020, 16:59 PM

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

14 May 2020, 16:57 PM

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

14 May 2020, 16:54 PM

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 

14 May 2020, 16:47 PM

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

14 May 2020, 16:45 PM

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

14 May 2020, 16:44 PM

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

14 May 2020, 16:44 PM

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

14 May 2020, 16:42 PM

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

14 May 2020, 16:41 PM

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

14 May 2020, 16:37 PM

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

14 May 2020, 16:32 PM

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

14 May 2020, 16:32 PM

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

14 May 2020, 16:29 PM

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

14 May 2020, 16:29 PM

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

14 May 2020, 16:27 PM

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

14 May 2020, 16:26 PM

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

14 May 2020, 16:25 PM

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

14 May 2020, 16:24 PM

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

14 May 2020, 16:23 PM

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

14 May 2020, 16:22 PM

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

14 May 2020, 16:22 PM

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


14 May 2020, 16:18 PM

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

14 May 2020, 16:15 PM

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

14 May 2020, 16:13 PM

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

14 May 2020, 16:04 PM

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

14 May 2020, 16:03 PM

Finance Minister Nirmala Sitharaman begins her speech

14 May 2020, 16:00 PM

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

14 May 2020, 16:00 PM

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

14 May 2020, 16:00 PM

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

14 May 2020, 15:58 PM

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.

14 May 2020, 15:58 PM

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.

14 May 2020, 15:58 PM

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.

14 May 2020, 15:58 PM

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

14 May 2020, 15:57 PM

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.

14 May 2020, 15:57 PM

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