The ASSOCHAM today said, the government has put the 'money where the mouth is' by unveiling the Rs 1.70 lakh crore PM Greeb Kalyan Yojana, expressing confidence that similar packages would be announced for the trade and industry which too have been hit severely by the three-week nation-wide lockdown, following outbreak of Coronavirus. The Rs 1.70 lakh crore package under the PM Greeb Kalyan Yojana is targeted towards giving relief to farmers, construction workers, women and their households. In this hour of great economic crisis, caused by the Coronavirus, the government is putting the money where the mouth is; but since the mouth is getting wider with the three-week nationwide lockdown, the ASSOCHAM is confident that more such specific packages are in the works.
Mr Sood said, having announced widespread relief from the regulatory and statutory compliances and the welfare measures for the poor and the most vulnerable sections of the society, "we are sure that the government, under the resolute leadership of Prime Minister Narendra Modi, would be working on other specific measures for the most severely hit sectors like the hospitality, transport and trade." The ASSOCHAM is also confident that major relief is in the works for across-the-board forbearances for the bank loans: be it corporate or personal.
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