Economic package will help businesses, especially MSMEs: PM Modi


Prime Minister Shri Narendra Modi said the announcements made by the government on 13 May, 2020 to boost the economy will go a long way in addressing issues faced by businesses, especially MSMEs. 

  • The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit, the Prime Minister wrote on Twitter.
  • Shri Modi said announcements made by FM Smt. Nirmala Sitharaman will go a long way in addressing issues faced by businesses, especially MSMEs.
  • Noteworthy, Prime Minister Shri Modi introduced new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore on 12 May, 2020.
  • Following PM’s massive announcement of 20 lakh crore Economic Package, Finance Minister Smt. Nirmala Sitharaman a day after announced Rs 3-lakh crore collateral-free automatic loan for businesses, including MSMEs.