Nirmala Sitharaman to announce third set of economic package at 4 pm today

Finance Minister

Finance Minister Nirmala Sitharaman will be holding a press conference at 4 pm today. This would be her third addresses on economic package that was announced by Prime Minister Narendra Modi.

Sitharaman has been announcing the details of the Rs 20 lakh crore package for the past two days. PM Modi had announced the package during his address to the nation on Tuesday, aiming to make the country ‘atmanirbhar’ or self-reliant. He said that this will be 10 percent of the country’s Gross Domestic Product or GDP.

Sitharaman will be holding daily press conferences till Sunday.

During her last two addresses she announced benefits pertaining to free food grains and pulses for migrants, more jobs for tribals and those in rural areas, and credit to small enterprises, street vendors and small farmers.

The first installment of the package, totalling about Rs 5.9 lakh crore, which was announced by Sitharaman on Wednesday, was mainly focused on providing easy credit facilities to micro, small and medium enterprises (MSMEs) and non-banking finance companies (NBFCs).

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