FM Sitharaman while announcing the fourth tranche of the Rs 20 lakh crore package said that by building a self-reliant India, the country needs to prepare for global competition.
Finance Minister Sitharaman said that the second tranche will be relating to migrant workers, street vendors, housing, employment generation for tribals and small farmers.
Yogi Adityanath further said that Uttar Pradesh is a hub for MSME sector and about 3 crore people in the state are directly or indirectly involved in the sector.
In a major initiative, Finance Minister Nirmala Sitharaman announced Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including Micro, Small and Medium Enterprises (MSMEs).
The definition of MSMEs have also been revised and the existing threshold of investment and turnover of Micro, Small and Medium MSMEs have been extended significantly
Union Home Minister Amit Shah today took to Twitter to inform that all the CAPF (Central Armed Police Force) canteens across India will sell only made in India products going forward as a move to make India self-sufficient.