FM Sitharaman while announcing the fourth tranche of the Rs 20 lakh crore package said that by building a self-reliant India, the country needs to prepare for global competition.
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).