New Delhi: Amidst the coronavirus crisis, Prime Minister Narendra Modi on Tuesday announced an economic package of Rs 20 lakh crores during his address to the country.
Union Finance Minister Nirmala Sitharaman will give the details regarding which sectors and areas will be given how much amount and how it will be used on Wednesday at 4 PM.
On Tuesday, Prime Minister Narendra Modi announced a special economic package saying "The economic package that is being announced today, if added, comes to around Rs. 20 lakh crores. This package is about 10 percent of India's GDP. With this various sections of the country and those linked to economic system will get support and strength of 20 lakh crore rupees."
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Indicating major economic reforms, the Prime Minister said that the Finance Minister Nirmala Sitharaman will give detailed information about the economic package for the next few days from Wednesday.
PM Modi also said "Keeping this in mind, be it poor, labourers, migrant labourers, cattle rearers, be our fishermen, organized sector or unorganized sector, some important decisions will be announced in the economic package for every section."
In the previous economic relief package Finance Minister Nirmala Sitharaman had announced 1.7 lakh crore Pradhan Mantri Garib Kalyan package.
Sitharaman said that the government was announcing this so that the poor would have food and money in hand.
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) package also included Rs 50 lakh insurance cover for health providers involved in management of the disease care. The second component was the relief package for the poor and marginalised.
