India's finance minister Nirmala Sitharaman on Friday unveiled the third tranche of<a href="https://www.wionews.com/india-news/vande-bharat-for-all-says-mea-after-bengal-accuses-centre-of-discriminating-between-states-298835"> economic </a>package related to strengthening infrastructure, capacities and building better logistics targeting&nbsp;governance and administrative reforms.

<a href="https://www.wionews.com/business-economy/second-tranche-of-economic-stimulus-will-benefit-migrant-workers-small-farmers-nirmala-sitharaman-298657">Also Read: Second tranche will benefit migrant workers &amp; small farmers, says&nbsp;Sitharaman</a>

"All coronavirus related deadline extensions relating to fisheries activities, many of them involving overseas contracts, have been honoured," the finance minister said, adding, "during COVID-19 lockdown period, the demand for milk reduced by 20-25 per cent."

Major announcements:

-Government introduces Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE)&nbsp;promoting the government's "vocal for local with global outreach".

-The scheme to help 2 lakh MFEs by adopting cluster-based approach, for example, mango in Uttar Pradesh, kesar in Jammu &amp; Kashmir, bamboo shoots in the North-East, chilli in Andhra Pradesh and&nbsp;tapioca in Tamil Nadu.

-Government to immediately create a Rs 1 lakh crore agri-infrastructure fund for farm gate infrastructure for farmers.

-The fund to be used for setting up cold chains and post-harvest management infrastructure.

-A new scheme to provide interest subvention at 2 per cent per annum to dairy cooperatives for &nbsp;2020-21. The scheme will unlock Rs 5000 crore additional liquidity and benefit to two crore farmers.

India's finance minister Nirmala Sitharaman on Friday unveiled the third tranche of economic package related to strengthening infrastructure, capacities and building better logistics targeting governance and administrative reforms.

India's finance minister Nirmala Sitharaman on Friday unveiled the third tranche of economic package related to strengthening infrastructure, capacities and building better logistics targeting governance and administrative reforms. Also Read: Second tranche will benefit migrant workers & small farmers, says Sitharaman "All coronavirus related deadline extensions relating to fisheries activities, many of them involving overseas contracts, have been honoured," the finance minister said, adding, "during COVID-19 lockdown period, the demand for milk reduced by 20-25 per cent." Major announcements: -Government introduces Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE) promoting the government's "vocal for local with global outreach". -The scheme to help 2 lakh MFEs by adopting cluster-based approach, for example, mango in Uttar Pradesh, kesar in Jammu & Kashmir, bamboo shoots in the North-East, chilli in Andhra Pradesh and tapioca in Tamil Nadu. -Government to immediately create a Rs 1 lakh crore agri-infrastructure fund for farm gate infrastructure for farmers. -The fund to be used for setting up cold chains and post-harvest management infrastructure. -A new scheme to provide interest subvention at 2 per cent per annum to dairy cooperatives for 2020-21. The scheme will unlock Rs 5000 crore additional liquidity and benefit to two crore farmers.

Sitharaman unveils third tranche of economic package targeting infrastructure & administrative reform

India's finance minister Nirmala Sitharaman&nbsp;unveiled the next part of the economic <a href="https://www.wionews.com/business-economy/government-changes-definition-of-msmes-pm-modi-says-will-empower-entrepreneurs-298496">stimulus</a> package after announcing it on Tuesday.

<a href="https://www.wionews.com/india-news/governments-financial-package-big-relief-for-msmes-indian-taxpayers-298416">Also Read: Government's financial package: Big relief for MSMEs, Indian taxpayers</a>

Sitharaman said the second tranche of the economic stimulus package will benefit migrant workers, street vendors and small farmers.

Three crore marginal farmers have already availed Rs 4 lakh crore loans on concessional rates, India's finance minister said.

On employment of migrant workers, Sitharaman said that 14.62 crore man-days generated up to May 13 under MNREGA with Rs 10,000 crore has been spent.

Government backs universal right to minimum wages and regional disparity in minimum wages need to be bridged by national floor wage, the finance minister asserted.

Major announcements:

Government to spend Rs 3,500 crore on giving free food grain to 8 crore migrant workers who do not have either central or state PDS cards.

PDS ration cards to be made portable to allow migrant workers to use ration cards across states.

Rs 1,500 crore interest subvention for MUDRA-Shishu loans of up to Rs 50,000.

Government to launch affordable rental housing scheme for migrant workers.

50 lakh street vendors to be given Rs 5,000 crore.

Affordable housing scheme for middle income families with Rs 6 lakh to Rs 18 lakh annual income to be extended till March 2021.

Rs 30,000 crore additional emergency working capital fund to be provided through NABARD to small, marginal farmers. 
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India's finance minister Nirmala Sitharaman unveiled the next part of the economic stimulus package after announcing it on Tuesday. Also Read: Government's financial package: Big relief for MSMEs, Indian taxpayers Sitharaman said the second tranche of the economic stimulus package will benefit migrant workers, street vendors and small farmers.

India's finance minister Nirmala Sitharaman unveiled the next part of the economic stimulus package after announcing it on Tuesday. Also Read: Government's financial package: Big relief for MSMEs, Indian taxpayers Sitharaman said the second tranche of the economic stimulus package will benefit migrant workers, street vendors and small farmers. Three crore marginal farmers have already availed Rs 4 lakh crore loans on concessional rates, India's finance minister said. On employment of migrant workers, Sitharaman said that 14.62 crore man-days generated up to May 13 under MNREGA with Rs 10,000 crore has been spent. Government backs universal right to minimum wages and regional disparity in minimum wages need to be bridged by national floor wage, the finance minister asserted. Major announcements: Government to spend Rs 3,500 crore on giving free food grain to 8 crore migrant workers who do not have either central or state PDS cards. PDS ration cards to be made portable to allow migrant workers to use ration cards across states. Rs 1,500 crore interest subvention for MUDRA-Shishu loans of up to Rs 50,000. Government to launch affordable rental housing scheme for migrant workers. 50 lakh street vendors to be given Rs 5,000 crore. Affordable housing scheme for middle income families with Rs 6 lakh to Rs 18 lakh annual income to be extended till March 2021. Rs 30,000 crore additional emergency working capital fund to be provided through NABARD to small, marginal farmers.

Second tranche of economic stimulus will benefit migrant workers & small farmers: Nirmala Sitharaman

Prime Minister Narendra Modi on Tuesday announced a Rs 20 lakh crore stimulus package to tackle the impact of coronavirus and weeks of lockdown.

PM Modi's speech 5 major takeaways | India 20 Lakh Crore package | India News

Prime Minister Narendra Modi on Tuesday announced a Rs 20 lakh economic package for a 'self-reliant' India -- in order to revive an economy ravaged by the coronavirus pandemic. This is expected to benefit farmers and middle-class families, he said. Finance Minister Nirmala Sitharaman will give more details in the coming days.

PM Modi announces economic package worth Rs 20 lakh crore, lockdown 4.0 guidelines to be out soon

On Tuesday, India's Prime Minister Narendra Modi addresses nation on India's further strategy to fight & contain COVID-19 pandemic across the country. He announces the beginning of Lockdown 4.0 from May 18 in the country, which is going to be with new rules. This was PM Modi's fifth address on COVID-19 lockdown.

Watch: PM Modi's address on Lockdown 4.0 & further strategy to fight COVID-19

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Sitharaman unveils third tranche of economic package targeting infrastructure & administrative reform

Second tranche of economic stimulus will benefit migrant workers & small farmers: Nirmala Sitharaman

PM Modi's speech 5 major takeaways | India 20 Lakh Crore package | India News

PM Modi announces economic package worth Rs 20 lakh crore, lockdown 4.0 guidelines to be out soon

Watch: PM Modi's address on Lockdown 4.0 & further strategy to fight COVID-19