Coronavirus stimulus package: What it means for you, the investor
A Rs. 20 lakh crore worth stimulus package was announced by the government this week to tide over the economic crisis by Covid-19 pandemic. Hereís how this will help investors.
Finance Minister Nirmala Sitharaman announced the Rs. 20 lakh crore ($266 billion)
stimulus package named ‘Atmanirbhar Bharat Abhiyan’ (Self Reliant India). This is for
restarting the economy which is reeling under the effects of the coronavirus pandemic.
Most of the measures are for the benefit of the Non-Banking Finance Companies (NBFC) and
Micro, Small & Medium Enterprises (MSMEs). Other measures include benefits related to
Employee Provident Fund (EPF), measures for the Housing Finance Companies (HFCs) and
Micro finance Institutions (MFIs), help for power distribution companies, benefits for real
estate and income tax measure for the non-salaried.
Letís look at each measure and how it might help you as an investor.