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Nirmala Sitharaman Speech Today Second Press Conference Meeting What did You Say Today

Nirmala Sitharaman Speech Today Second Press Conference Meeting What did You Say Today

Today announcing a Rs 5,000 cr special credit facility for street vendors to one nation-ration card scheme, here’s what all the finance minister said in her press briefing today.

Union finance minister Nirmala Sitharaman Wednesday in her second press conference further unveiled detail for the Rs 20 lakh crore economic package to help the Atmanirbhar Bharat Abhiyan. she said the new initiatives focus on migrant workers, street vendors, small traders, the self-employed, and small farmers.

The package was announced by prime minister Narendra Modi on Tuesday, during is the fifth address to the nation.

Earlier on Wednesday, the finance minister announced a slew of measures to help the micro, small and medium enterprises (MSMEs) sector that employs an estimated 11 crore people and is in distress.

The announcements ranged from non-banking finance companies (NBFCs), real estate, power distribution sector, to relaxation on contribution to employees’ provident fund (EPFO).

Sitharaman’s press conference was streamed live on the finance ministry’s social media channels, Twitter, Facebook, and YouTube.


Today I will announce a total of 9 steps. The focus will be on migrants workers, street vendors, small trenders, small farmers, and self-employees people.

Between March 01 and April 30, nearly 63 lakh loans of farmer worth Rs, 86,600 was approved, support of Rs 4,200 crore was provided under the Rural infrastructure development funds to states during March 2020 for rural development.

Support has been given to migrants and urban poor during the last two months. Three meals a day has been provided to residents for Urban Homeless during the lockdown period.

A sum of Rs 11,000 crore has been given to States for taking care of migrant workers.

Nearly 12,000 self-help groups (SHGs)have produced more than 3 crore marks and 1.2lakh liters of sanitizers during the COVID-19 period. Nearly 7,200 new SHGs were formed during the lockdown period.

A total of Rs 10,000 crore under MNREGA has been spent in just 43 days. so far, 14.62 person-days of work has been generated under MGNRGS till May 13. The average wage rate rose to Re 202 from Rs 182 in the last fiscal year.

We have made adequate provisions to ensure that returning migrants workers needing work will be engaged, States and UTs have been asked to provide them with work as per provisions of MNREGA, etc.

we want to have a batter definition for inter-states migrant workers. to batter reach benefits to them. portability of welfare benefits for migrants workers and making ESIC coverage pan India are other aspects we are working on.

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