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Cabinet approves 'AtmaNirbhar Bharat package'

May 20, 2020 16:23 IST

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, has approved the 'AtmaNirbhar Bharat package'. This includes the approval to enable additional funding of up to ₹3 lakh crore to eligible MSMEs and interested MUDRA borrowers by way of the Emergency Credit Line Guarantee Scheme, Special Liquidity Scheme to help NBFCs and HFCs, etc. These announcements were made by Finance Minister Nirmala Sitharaman last week as part of India's ₹20 lakh crore economic package to fight Covid-19.