New Delhi, Business Desk. Finance Minister Nirmala Sitharaman made several big announcements on Thursday in the second installment of the Rs 20 lakh crore package. He made many big announcements for the farmers and the poor. Sitharaman said that the government has issued KCCs to 25 lakh farmers in the last 2 months and in the coming days, credit cards will be provided to 2.5 crore farmers of the country. It has been decided to release up to 2 lakh crore rupees. According to Finance Minister Nirmala Sitharaman, 2.5 crore farmers will get loans up to Rs 2 lakh crore on credit cards.
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The Finance Minister said that a fund of 6000 crores will be created to create jobs for the people of tribal areas. NABARD will fund additional emergency working capital of Rs 30,000 crore for farmers. This amount will be released immediately. About three crore farmers are expected to benefit from this. This scheme is directly for the benefit of rural India and farmers. He said that with the three month loan moratorium facility, three crore farmers applied for a total of 4.22 lakh crore agricultural loans. Assistance has been provided to farmers on interest.
According to the Finance Minister, in March, 4200 crore rupees were given to the states under the Rural Infra Fund. In March, April, 63 lakh agricultural loans worth 86600 crores were sanctioned. In March 2020, Rs 4,209 crore assistance was provided to the states for the infrastructure of rural areas. Between March 1, 2020 to April 30, 2020, loans worth Rs 86,600 crore were given for agriculture. Out of 9 schemes, 2 schemes related to small farmers, 3 non-resident laborers, he said that there are also schemes for street vendors.
source: www.jagran.com
