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Become A Startup Insider With Inc42 Plus
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With small and medium businesses, agricultural units, farmers and daily workers hit hard by the nationwide lockdown in India, experts had been calling for a relief fund to help these marginalised sections of the economy survive the impact of the coronavirus pandemic. And finance minister Nirmala Sitharaman, on Thursday (March 26), announced a relief package of INR 170K Cr to help mitigate the negative impact on agriculture and farmers.
Sitharaman said that the government will provide this relief package to beneficiaries in eight different categories. Out of these, some of the categories will receive the money directly in the bank accounts under various central government schemes. Notably, no direct measures were announced by Sitaraman to revive the economy during the media briefing or to support the impacted SMBs in India.
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