Finance Minister Sitharaman said that the second tranche will be relating to migrant workers, street vendors, housing, employment generation for tribals and small farmers.
In a major initiative, Finance Minister Nirmala Sitharaman announced Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including Micro, Small and Medium Enterprises (MSMEs).
The definition of MSMEs have also been revised and the existing threshold of investment and turnover of Micro, Small and Medium MSMEs have been extended significantly