Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday cleared some key proposals of the government’s ₹20 trillion economic package for the poor and businesses hit by the novel coronavirus pandemic.
The proposals cleared include the ₹3 trillion emergency credit guarantee, backing loans made by banks and non-bank lenders to micro, small and medium enterprises (MSMEs), a ₹10,000 crore scheme to support micro food processing units, a ₹20,050 crore fisheries development scheme and a ₹3,109 crore scheme for giving food grain to migrants, said separate official statements.
The Cabinet also cleared a new special liquidity scheme for non-bank and housing finance companies which is also part of the stimulus package.