Finance Minister Nirmala Sitharaman on Thursday announced an economic stimulus package worth Rs 1.70 lakh crore to help the nation’s poor tackle the financial difficulties arising from Covid-19 outbreak.
Sitharaman said the economic relief package will focus primarily on migrant labourers and daily wage labourers.
“A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore,” Sitharaman said.
The package includes a mix of food security and direct cash transfer benefits, which shield poor families during the lockdown.