FM Nirmala Sitharaman announces third batch of aid from PM's relief package

New Delhi : Finance Minister Nirmala Sitharaman on Friday held third press conference to reveal more details about the economic relief package of Rs 20 lakh crores announced by PM during his last address.

PM Narendra Modi had said that the amount of relief package would be around 10 per cent of the country's Gross Domestic Product or GDP.

Here are the highlights from today’s press briefing:

- Government introduces a Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE); the scheme promotes PM's vision of 'Vocal for Local with global outreach': FM Nirmala Sitharaman

- Government to immediately create a Rs 1 lakh crore Agri-Infrastructure Fund for farm gate infrastructure for farmers: FM Nirmala Sitharaman

- During Covid lockdown period, the demand for milk reduced by 20-25%. A new scheme to provide interest subvention at 2% per annum to dairy cooperatives for 2020-21. The scheme will unlock Rs 5,000 crore additional liquidity, benefit to 2 crore farmers: FM Sitharaman

- During lockdown period Minimum Support Price purchases of amount more than Rs 74,300 crores; PM Kisan fund transfer of Rs 18700 cr: FM Nirmala Sitharaman on additional steps for agriculture during Covid-19

- I will be announcing 11 measures today, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms: Finance Minister Nirmala Sitharaman

- Today's announcements will focus on agriculture and allied activities: Finance Minister Nirmala Sitharaman