ITANAGAR, May 15 - Arunachal Pradesh has welcomed the Rs 20-lakh-crore economic package announced by Prime Minister Narendra Modi to overcome the challenges posed by COVID-19 pandemic in the country.
�This huge economic package of Rs 20 lakh crore in the form of an Aatmanirbhar Bharat Abhiyan Package or Self-Reliant Movement Package is one of the biggest economic reliefs announced in the world after the USA and Japan amid the COVID-19 pandemic,� Arunachal Pradesh Deputy Chief Minister Chowna Mein said here today.
In a press conference here, Mein referred to the subsequent announcements made by the Union Finance Minister and said, �These announcements will go a long way in addressing the issues faced by the businesses, MSMEs, small traders and entrepreneurs, street vendors, farmers and migrant workers. It will also benefit the people of our State.�
The Deputy Chief Minister said that in the State, a high-level committee has been constituted under the Finance, Planning and Investment Department to look into the issues faced by small businesses, traders and entrepreneurs of the State, and to coordinate with the Central Government.
Imphal Correspondent adds: Manipur Chief Minister N Biren Singh has welcomed the Rs 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi aimed at uplifting the economy battered by the nationwide lockdown and the COVID-19 pandemic.
In a video message which was made available to the media here, the Chief Minister stated that it was a bold step taken by the Central Government as the package is equivalent to 10 per cent of India�s GDP.
Elaborating on the key points announced by Finance Minister Nirmala Sitharaman in this regard, Biren Singh expressed the hope that the State would also benefit in multiple sectors. Manipur has the highest number of MSMEs in the North East region and hence, it will benefit largely. Redefining the MSME sector will also create huge opportunities for the people of the State as the investment limit has been revised upwards to Rs 1 crore as compared to Rs 25 lakh earlier.
As the Centre has decided on one-time liquidity infusion of Rs 90 crore for all power distribution companies, the Manipur State Power Distribution Company Limited is likely to get a huge relief in repaying dues, the Chief Minister said. He further said that as the Fisheries Department is being upgraded to a major department as per the announcement, Manipur can reap benefits from it.