PM Narendra Modi Announces a Grand Relief Package

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Our Honourable Prime Minister Sh. Narendra Modi has addressed the nation on 12th May at 8 pm and has announced a grand relief package. He has discussed the ways to stop the spread of coronavirus along with boosting the economic activities, as per his motto- “Jaan Bhi, Jahan Bhi!

Since the outbreak of Coronavirus, this is the 5th address to the nation by PM Modi Ji.

Here are all the updates of the PM Modi Ji’s address:

 

1. Corona Relief Package

He has announced a grand relief package in order to revive the Indian economy after the COVID-19 Lockdown. The package will be of ₹ 20 Lakh crore. This relief package that is equal to 10% of India’s GDP will be focused around 4 key aspects viz.:

  • Land
  • Labour
  • Liquidity
  • Loan

Finance Minister Smt. Nirmala Sitharaman will soon be announcing the details of this economic revival package.

 

2. Be Vocal for Local!

The second important message given by Modi Ji is that we must all be ‘Vocal for Local’.  This means that we must buy the local goods (Indian manufactured goods), and not be hesitant to use them. All global brands were once local.

 

3. Indian Manufacturers of PPE kit

The next important message is for the Indian Manufacturers of PPE kit. Modi Ji has stated that when coronavirus broke out in India, there were no PPE kits in India. Besides, a few N95 masks were being manufactured. Today, we have over 2 lakh Manufacturers of PPE kit and N95 masks.

Most of these manufacturers are having GeM registration and are supplying their goods on the Government departments on the Government e-Marketplace. Government buyers can easily buy the PPE kits on Government e-Marketplace.

 

These are some of the important aspects of PM Modi Ji’s speech.

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