Prime Minister Narendra Modi: Will initiate more reforms to get growth back

ST Staff
Wednesday, 3 June 2020

Prime Minister Narendra Modi considers decisions of the cabinet to bring in productive transformation in the livelihood of migrant labourers and farmers

Prime Minister Narendra Modi considers decisions of the cabinet to bring in productive transformation in the livelihood of migrant labourers and farmers

According to PM Narendra Modi, the decisions taken by the cabinet is groundbreaking and remarkable which will bring significant as well as constructive modifications in the livelihood of workers and farmers. He assured that the government decisions are crucial for their development and will provide immense assistance to the daily wage workers, hawkers, peddlers and Ministry of Micro, Small and Medium Enterprises (MSMEs).

PM Modi spoke about the MSME definition changeabout will bring about momentum to the 'self-sustainable’ campaign announced by him recently while addressing the nation, it will also bring back the industries and businesses in the country to life.

According to him, the positive improvements initiated by the government is likely to create massive income opportunities.

PM Modi highlighted the significance of the developmental efforts made by the government to help the street peddlers and hawkers by providing them with loan facilities. He also said that the PM SVANIDHI campaign would help and ensure security to around 50 lakh people and more. He also added that the campaign will assert that the street hawkers become a part of the newly launched scheme to come out self- standing by relaunching their work once again in these times of crisis.

Prime Minister Modi appreciated the hard work and attempt of the farmers in India and renewed the efforts and dedication of the government to support the rural population by extending adequate incentives and encouragement to them. He also added that under the same responsibility and dedication, the Minimum Support Price (MSP) of around 14 Kharif crops has been raised by the government by one and a half times of the actual cost or expense. Under the same commitment, he also increased the period for repayment of short term loans which are to the mark of three lakh rupees.

 

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