New Delhi: Union Finance Minister Nirmala Sitharaman will announce the second round of COVID-19 relief package on Thursday at 4 PM.
Sitharaman on Wednesday announced the first phase of the economic package with liquidity measures for MSMEs and NBFCs.
Among several other measures, the minister announced Rs 3 lakh crore "collateral-free automatic loans" for businesses, including MSMEs. She further announced another scheme worth Rs 20,000 crore for "subordinate debt for stressed MSMEs".
Read more:Success of Modi's mega SME relief package hinges on banks
Further, she has also announced Rs 45,000 crore partial credit guarantee scheme for NBFC among other liquidity measures for stressed NBFCs.
