On Thursday, Finance Minister Nirmala Sitharaman announced the details of the much-anticipated relief packaged which was declared by Prime Minister Narendra Modi in his address to the nation earlier this week. 

With the lockdown being implemented in full force, a lot of migrant laborers and workers have been finding it really difficult to get through days in the absence of income and the things that it allows them to buy. Therefore, by all means, this economic package announced by the government sounds a relief to many. 

Some of the key features announced in the package are laid down for you here, in case you happened to miss out on the announcement. 

Highlights of FM’s announcement of the Relief package benefits

In conclusion

The government of India has tried to cover up most of the facets of concerns that have come up due to the Coronavirus pandemic. With this fleshed out scheme, it is now to be seen how well the state governments tend to execute the said plans accompanied by the capital earmarked for its execution. These subschemes not only aim to benefit farmers and migrant laborers but also aim to revive the Indian economy which has currently taken a severe blow.