FM Sitharaman addresses media to announce details of the third tranche of Rs 20 lakh crore package
Union Finance Minister Nirmala Sitharaman focused on agriculture and allied industries in the third tranche of the economic stimulus package.
While the first tranche of the announcement on Wednesday focused on MSME sector, the second tranche announced on Thursday had packages migrant workers, street vendors and small farmers.
Earlier, sources said the third tranche might also focus on helping the animal husbandry, dairy farming and fisheries industry. Sitharaman held a series of talks with Minister of Animal Husbandry, Dairying and Fisheries Giriraj Singh regarding this over the last week.
Fishermen and people associated with the fisheries industry are heavily affected due to the lockdown which has been on for over 50 days. Both the domestic market and exports have been affected due to the lockdown imposed to stop the spread of COVID-19.
The government may provide easy and low-interest loans to the industry.
Here are the live updates of FM Sitharaman's press conference:
17:13 IST Friday, 15 May 2020
A central law will be formulated to provide adequate choices to the farmers to sell produce at an attractive price, barrier-free interstate trade and framework for e-trading of agricultural produce: FM
A facilitative legal framework will be created to enable farmers for engaging with processors, aggregators, large retailers,exporters in a fair and transparent manner: FM
16:55 IST Friday, 15 May 2020
Government extends Operation Greens from Tomatoes, Onion and Potatoes (TOP) to ALL fruits and vegetables, Rs 500 allocated: FM
16:51 IST Friday, 15 May 2020
Government to amend the Essential Commodities Act to enable better price realisation for farmers; agriculture products including cereals, edible oils, oilseeds, pulses, onions, and potatoes to be de-regulated: FM
16:45 IST Friday, 15 May 2020
Government to implement a scheme for infrastructure development related to Beekeeping; aims to increase income for 2 lakh beekeepers with special thrust on capacity building of women. Rs 500 crore allocated: FM Sitharaman
16:42 IST Friday, 15 May 2020
Rs 4000 crore allocated for promotion of herbal cultivation; 10,00,000 hectare will be covered in the next 2 years: FM Sitharaman
16:37 IST Friday, 15 May 2020
National Animal Disease Control Programme for Foot and Mouth Disease and Brucellosis launched with a total outlay of Rs 13,343 cr: FM Nirmala Sitharaman
16:35 IST Friday, 15 May 2020
Animal Husbandry Infrastructure Development Fund of Rs 15,000 crores will be set up: FM Nirmala Sitharaman
16:33 IST Friday, 15 May 2020
Govt to launch the Rs 20,000 crore Pradhan Mantri Matsya Sampada Yojana for development of marine and inland fisheries. 55 lakh people expected to get employment from this program: FM
16:32 IST Friday, 15 May 2020
Aiming to implement PM's vision of ‘Vocal for Local with Global outreach’, a scheme will be launched to help 2 lakh Micro Food Enterprises; Improved health and safety standards, integration with retail markets and improved incomes to be key focus areas: FM
16:31 IST Friday, 15 May 2020
All COVID19 related deadline extensions relating to fisheries activities, many of them involving overseas contracts, have been honoured. Very many measures which will help marine and coastal farmers have been undertaken as promised: FM Nirmala Sitharaman
16:30 IST Friday, 15 May 2020
Underlining principle is to empower people and not go only on entitlements, says FM Sitharaman
Underlining principle is to empower people, give them resources so they can produce for themselves and have livelihood for themselves, rather than go only on entitlements: FM Sitharaman
16:29 IST Friday, 15 May 2020
Government introduces a Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE); the scheme promotes PM's vision of 'Vocal for Local with global outreach': FM Nirmala Sitharaman
16:28 IST Friday, 15 May 2020
To help Fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries: FM
16:25 IST Friday, 15 May 2020
Government to immediately create a Rs 1 lakh crore Agri-Infrastructure Fund for farm gate infrastructure for farmers: FM Nirmala Sitharaman
16:23 IST Friday, 15 May 2020
During COVID lockdown period, the demand for milk reduced by 20-25%. A new scheme to provide interest subvention at 2% per annum to dairy cooperatives for 2020-21. The scheme will unlock Rs 5000 cr additional liquidity, benefit to 2 cr farmers: FM Sitharaman
16:22 IST Friday, 15 May 2020
During lockdown period Minimum Support Price purchases of amount more than Rs 74,300 crores; PM Kisan fund transfer of Rs 18700 cr: FM Nirmala Sitharaman on additional steps for agriculture during COVID19
16:22 IST Friday, 15 May 2020
I will be announcing 11 measures today, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms: Finance Minister Nirmala Sitharaman
16:08 IST Friday, 15 May 2020
Today's announcements will focus on agriculture and allied activities: Finance Minister Nirmala Sitharaman
16:02 IST Friday, 15 May 2020
FM Sitharaman addresses media to announce details of the third tranche of Rs 20 lakh crore package
16:01 IST Friday, 15 May 2020
Sitharaman to announce details of third tranche of Rs 20 lakh crore package shortly
Prime Minister Narendra Modi had on Tuesday announced a cumulative package of Rs 20 lakh crore (nearly 10 per cent of GDP) to provide relief to various segments of the economy. The package includes already announced PM Garib Kalyan Yojana providing grains and cash to poor and Rs 5.6 lakh crore stimulus provided through various monetary policy measures by the Reserve Bank of India (RBI).
The details of the rest of the package is announced in tranches. In the first tranche on Wednesday, Sitharaman unveiled a Rs 5.94 lakh crore plan that mostly comprises help to MSME sector, including collateral-free automatic loans of Rs 3 lakh crore small businesses.
Addressing the press conference on Thursday, Sithraman said the second tranche of the economic stimulus package will be for the benefit of migrant workers, street vendors and small farmers. Among the announcements made by Sitharaman was arrangements for migrant workers, credit line to street vendors and measures for the rural economy.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Union Finance Minister Nirmala Sitharaman")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}