The Modi government on Thursday focused on the poor and lower middle class as finance minister Nirmala Sitharaman unveiled the second set of measures of the stimulus package, which included rental housing facility for migrant workers, free foodgrains for those without ration cards and loan schemes for farmers and street vendors.
If micro, small and medium enterprises (MSMEs) were the thrust of the nearly-Rs-6-lakh-crore package on Wednesday, the measures unveiled by Sitharaman on Thursday were aimed at addressing the problems of migrants. Ratings agency CARE said Thursday’s package could see an outflow of up to Rs 3.2 lakh crore, although the impact on the budget may be only Rs 5,000 crore.
The Modi government on Thursday focused on the poor and lower middle class as finance minister Nirmala Sitharaman unveiled the second set of measures of the stimulus package, which included rental housing facility for migrant workers, free foodgrains for those without ration cards and loan schemes for farmers and street vendors.
If micro, small and medium enterprises (MSMEs) were the thrust of the nearly-Rs-6-lakh-crore package on Wednesday, the measures unveiled by Sitharaman on Thursday were aimed at addressing the problems of migrants. Ratings agency CARE said Thursday’s package could see an outflow of up to Rs 3.2 lakh crore, although the impact on the budget may be only Rs 5,000 crore.
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