FM Nirmala Sitharaman - Press Conference at 11 AM IST- DAY 5

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Affordable rental housing scheme for migrant labours announced

Finance Minister Nirmala Sitharaman said that government will convert government housing complexes lying vacant to be rented out to migrants on concessional rates. PPP model will also be used to achieve this under the PM Awas Yojna. 

 

 

 

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Rs 1,500 Crore Interest Subvention for MUDRA Shishu Loans

Announcing relief for micro units who had taken Mudra Shishu Loans, the government said it will provide interest subvention of 2 percent for prompt payees for a period of 12 months. 

 

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Rs 5,000 Crore Special Credit Facility for Street vendors

The Centre has announced a special credit facility of Rs 5,000 crores for 50 lakh vendors. Finance Minister Nirmala Sitharaman said that the scheme will be launched within a month. An initial working capital of up to Rs 10,000 will also be provided. 

 

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