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Narendra Modi

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.

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Narendra Modi Nirmala Sitharaman economy Government crisis Coronavirus Narendra Modi Nirmala Sitharaman

Government provides further liquidity support to NBFCs, HFCs, microlenders

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These stimulus measures come a day after Prime Minister Narendra Modi announced the 'Atmanirbhar Bharat Abhiyan' package worth ₹20 lakh crore to kickstart the economy following the nationwide lockdown Finance Minister Nirmala Sitharaman on Wednesday announced further liquidity support to non-banking finance companies, housing finance companies (HFCs) and microfinance institutions (MFIs) by way of a ₹30,000 crore liquidity scheme and a partial credit guarantee scheme of ₹45,000 crore.

These stimulus measures come a day after Prime Minister Narendra Modi announced the “Atmanirbhar Bharat Abhiyan" package worth ₹20 lakh crore to kickstart the economy following the nationwide lockdown due to coronavirus.

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