Finance Minister Nirmala Sitharaman rolled out the second instalment of the ₹20 lakh crore economic stimulus announced by Prime Minister Narendra Modi, aimed to help migrant workers and farmers.
Today's initiative focuses on migrant workers, street vendors, small traders, self-employed people, small farmers, Sitharaman said while starting her announcements.
The central government announced ₹2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards. Fishermen and animal husbandry farmers will also be able to get the benefits of this drive. Under this scheme, around 2.5 crore farmers will be covered. This drive will enable farmers to gain access to institutional credit at concessional interest rate.
Till now, as many as 25 lakh new Kisan Credit Cards has been sanctioned with a loan limit of 25,000 crore, Sitharaman mentioned. “We have not forgotten them. These new credit cards have been sanctioned totaling ₹25,000 crores. There may have been a lockdown but government has not been sitting quiet," the minister said.
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Finance Minister Nirmala Sitharaman rolled out the second instalment of the ₹20 lakh crore economic stimulus announced by Prime Minister Narendra Modi, aimed to help migrant workers and farmers. Today's initiative focuses on migrant workers, street vendors, small traders, self-employed people, small farmers, Sitharaman said while starting her announcements. The central government announced ₹2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards. Fishermen and animal husbandry farmers will also be able to get the benefits of this drive. Under this scheme, around 2.5 crore farmers will be covered. This drive will enable farmers to gain access to institutional credit at concessional interest rate. Till now, as many as 25 lakh new Kisan Credit Cards has been sanctioned with a loan limit of 25,000 crore, Sitharaman mentioned. “We have not forgotten them. These new credit cards have been sanctioned totaling ₹25,000 crores. There may have been a lockdown but government has not been sitting quiet," the minister said.