There is no money, so the Modi government will not start any new project


BanglaHunt Desk: Corona weather is tense in India, so no new project will be started. This was stated by Nirmala Sitharaman, Finance Minister of Modi government at a press conference today. (nirmala sitaraman)

The Finance Ministry said in a statement today that the huge financial demand of the people is present due to the Corona epidemic. So resources have to be used in the light of emerging and changing situations.

Besides, the finance ministry has decided to postpone all the projects that have already been approved in the budget till March 31. The government has to take this difficult decision keeping in mind that the corona infection is increasing day by day.

The government has already suffered huge financial losses due to corona infection and lockdown. So at this moment, the government has turned a blind eye to reviving the country's economy. The BJP government has already announced Rs 20,000 crore for the MSME sector.

The Ministry of Urban Housing has announced a special micro loan project. Small shops or street vendors will get loans for this project. More than 50 lakh shopkeepers will get the benefit of this long lasting loan.

In addition, there are more than six million MSMEs across the country. Following the coronavirus epidemic, the Prime Minister has decided to allocate for MSMEs considering the importance of the sector. A package of Rs 20,000 crore has been approved for MSMEs.