Group of Cabinet Ministers To Monitor Progress of Economic Package

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A meeting of a group of ministers (GoM) with the responsibility of monitoring Rs 21 lakh crore special economic package is to taken place at the residence of Defence Minister Rajnath Singh.

According to some media reports among this informal group of ministers, names of Union Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Rural Development Minister Narendra Singh Tomar, Commerce Minister Piyush Goyal, MoS Hardip Puri and Cabinet Minister Smriti Irani among others are there who have attended the meeting.

However, the successful operation of such a committee or a group of ministers should include the name of MSME Minister Mr. Nitin J Gadkari. Being a senior Cabinet Minister, Mr. Gadkari’s work and understanding for MSMEs will be going to be very crucial for ensuring an effective involvement of MSMEs in this process of economic recovery.

The GoM is likely to review the announcement of the economic revival package totalling an economic value of Rs 21 lakh crore by Finance Minister Sitharaman on five consecutive days.

The economic package will tend to the needs of the MSME sector, as well as reform certain agricultural infrastructure in the country. The central government has stepped up reforms for sectors including coal, minerals, defence production, air space management, and airports.

The GoM is also likely to strategize how the benefits of the economic package reach to the needy and the most vulnerable as they are the ones who are the hardest hit by the prolonged lockdown enforced due to the coronavirus pandemic.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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