West Bengal Chief Minister Mamata Banerjee has not liked the economic package of 20 lakh announced by the Center and she said that this is zero zero and states that it will not benefit the states. This reaction of Mamata Banerjee came after Finance Minister Nirmala Sitharaman kept the details of the economic package. The Finance Minister presented the details in a sequential manner at a press conference of about one and a half hours.
He has made several announcements for small and medium scale industries first. The government has announced a loan of Rs 3 lakh crore on easy terms for the sector. This loan will be automatic without guarantee and collateral. The special thing is that there will be exemption of principal in the first year, and the loan will be given for 4 years.