The Modi government promised to revive the economy and help MSMEs: Amit Shah

NEW DELHI: Union Minister of the Interior Amit Shah on Wednesday he said that the Narendra Modi The government is committed to reviving the economy, helping small businesses, and increasing employment in the challenging time of the pandemic.

In a series of tweets, Amit Shah said the central government is doing everything possible to help those in the business sector as they may face financial stress while resuming their work following the lockdown to combat the coronavirus pandemic.

I thank PM @narendramodi and FM @nsitharaman for these unprecedented steps, aimed at helping MSMEs, to face the challenges of Covid-19.

Reflecting Prime Minister Modi's commitment to revive our economy, help small businesses and boost employment, he tweeted with the hashtag '#AatmaNirbharBharatAbhiyan'.

Shah's comments came shortly after the Finance Minister announced Rs 3 crore of unsecured small business loans, a cut in the tax rate for non-wage payments and measures to provide liquidity to non-bank companies to help them overcome the interruptions caused by the closure.

Unveiling the first set of components of the Rs 20 lakh crore Covid-19 economic stimulus package announced by Prime Minister Narendra Modi, she said Rs 90,000 crore liquidity infusion will be made in electricity distribution companies to help them fight the current financial stress.

Also, the dates for filing tax returns and other evaluations have been extended, he said.

Shah said the Modi government's decision to provide Rs 3 lakh crore automatic unsecured loans to companies, including MSMEs, will surely help them meet their operational obligations, accrued due to Covid-19, and resume their business.

About 45 lakh units and employees will benefit from this step, he said.