Nirmala Sitharaman Gives Details On Economic Package

Union Finance Minister Nirmala Sitharaman addressed the nation to give details on Rs 20 lakh crore economical package announced by Prime Minister Narendra Modi yesterday night in his speech.

In her media briefing, the Finance Minister said how the Centre will be spending the stimulus package which translates to 10% of India’s GDP.

Nirmala Sitharaman said that the Government altered the definition of MSMEs and changed the definition to allow growth and announced Rs 3 lakh crores collateral-free automatic loans for business, including micro, small and medium enterprise (MSMEs).

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