As the nation entered the Unlock 1 phase following a two-month strict coronavirus lockdown, Prime Minister Narendra Modi chaired a meeting of the Union Cabinet on Monday. This was the first meeting of the Cabinet after the ruling NDA government completed the first year of its second term in office.
Speaking of the Cabinet meeting, Union Ministers Prakash Javadekar, Nitin Gadkari and Narendra Tomar address the media in Delhi.
Here are the highlights:
Prakash Javadekar says: Several decision taken for the welfare of farmers
– Definition of MSME widened
– Kisan credit card scheme for farmers
– Loan scheme for street vendors
Union Minister Prakash Javadekar said that several key steps have been taken by the government to boost MSMEs.
– Rs 20,000 crores will be infused into the sector
— Cabinet approved Rs 20,000 crore subordinated debt for stressed MSMEs, this will benefit 2 lakh stressed MSMEs
— Minimum support prices (MSP) for 14 Kharif crops increased by 50- 83%, to provide relief to the farmers, says Union Minister Narendra Tomar– Minimum support prices (MSP) for 14 kharif crops increased by 50- 83%, to provide relief to the farmers, says Union Minister Narendra Tomar
— The farmers will get more time to repay their loans, till August now
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