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Union Finance Minister Nirmala Sitharaman announced on Friday that agriculture and allied activities will be the focus of the third tranche of the economic package to combat the damage caused by the coronavirus pandemic in the country.
“I am going to announce 11 measures and eight of them are related to strengthening infrastructure, strengthening capacity, building better logistics … The rest, three of the 11 will belong to administrative and governance reforms”, he said at his third press conference in the same number of days.
Sitharaman has been announcing the details of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi on Tuesday, promising to make the country “atmanirbhar” or self-sufficient.
In the first tranche, totaling around Rs 5.9 lakh crore, announced by Sitharaman on Wednesday, loan guarantees for small businesses, shadow banks and power companies.
He also said that the government will establish two debt and equity funds worth Rs 700 billion to support stressed companies, and will contribute to workers’ social security funds for three months.
Sitharaman announced the second installment of the package on Thursday, which focused on free food for migrants, more jobs for tribes and those living in rural areas, and credits for small businesses, street vendors and small farmers.
Sitharaman will hold daily press conferences until Sunday.
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