How Many Zeros in 20 Lakh Crore?

Do you know the answer to this question- How Many Zeros in 20 Lakh Crore? 20 lakh crore is a huge amount with 13 zeros that has been added as the relief fund by Prime Minister Narendra Modi on April 12 to make a high jump in economic growth and making India self-reliant. “How many zeros in 20 lakh crore” was trending on Google after the announcement on Wednesday. This special economic and comprehensive package for Aatmanirbhar Bharat Abhiyan is equivalent to 10% GDP of India for relief and credit support economy to fight against the COVID-19 pandemic. The PM Narendra Modi addressed the nation for the economic relief fund yesterday and pass on the further details to be announced by the finance minister and its team in the upcoming days.  

One Nation One Ration Card MSME Full Form – MSME New Definition, Types of MSME Everything You Need To Know About EPF  Finance Minister’s 2nd Phase of Announcement on Atma Nirbhar Bharat Abhiyan worth Rs. 20 Lakh Crore

How Many Zeros in 20 Lakh Crore? 

Fun Fact!! this has been trending on Google and the answer is there are 13 zeros in 20 Lakh Crore.

Smt. Nirmala Sitharaman, the finance minister addressed the nation in a conference today discussing the relief fund announced by PM yesterday. Smt. Sitharaman addressed what the objective of the economic package for Aatma Nirbhar Bharat Abhiyaan and what is important steps to build India, a self-reliant India focussing on land, labor, liquidity, and law.

Third Tranche of Centre’s Economic Package worth Rs. 20 Lakh Crore – FM Nirmala Sitharaman announce for Agriculture and allied activities

She also addressed that she will be coming here with the entire team of the Ministry of Finance for the next few days counting from today to express the Prime Minister’s idea for Aatma Nirbhar Bharat that was announced by the Prime Minister yesterday.

Atma Nirbhar Bharat Abhiyan Economic Package worth Rs. 20 Lakh Crore

Smt. Nirmala  Sitharaman announced the following measures focusing on the aim of getting back to work 

  1. An Emergency Working Capital Facility of Rs. 3 lakh crore for Businesses to more than 45 lakh MSMEs
  2. Rs 20,000 crore liquidity as Subordinate Debt allocated to Stressed MSMEs with Rs. 4000 crore for Micro and Small enterprises. 
  3. Planning to mobilize Rs 50,000 crores which will be infused from MSME Fund of Fund’s
  4. An additional measure of e-market linkage for MSMEs as a replacement for trade fairs and exhibitions. A new definition of MSME will be announced indicating the rise in the Investment limit.
  5. Disallowance of inquiries of Global tenders amounting less than the value of amount less than Rs 200 crores.
  6. Employees Provident Fund Support for business will be extended for the coming next three months benefitting 77.22 lakh employees. The EPF contribution will be reduced for Employers and Employees for the next 3 months
  7. The government will be launching about Rs 30,000 crore Special Liquidity Scheme for NBFCs, HFCs, and MFIs with 100 percent guaranteed by the Government of India.
  8. Scheme 2.0 focusing on Liabilities of NBFCs/MFIs will be initiated with Rs. 45000 crore credits. 
  9. Allocation of Rs 90,000 crore Liquidity Injection for DISCOMs to the final consumers as a relief fund towards their fixed charges.
  10. Extension of 6 months to the contractors for government agencies including Railways, Ministry of Road Transport and Highways, and CPWD for completing their contractual obligations. 
  11. Announcement of relief to Real Estate Projects with an extension of 6 months to the projects expiring on or after 25th March 2020.
  12. Various Tax-related measures were announced including a reduction in Rates of  TDS with liquidity to the tune of Rs 50,000 Crore. The due date of all Income Tax Returns for Financial Year 2020-21 will be extended to 30 November 2020 and for tax audit it is stretched to 31 October 2020.

Click Here to Register for Bank Exams 2020 Preparation Material

Atma Nirbhar Bharat Abhiyan- PM Announces 20 Lakh Crore Economic Package COVID-19 Mortality Rate in India and Comparison with other Countries India’s COVID-19 Recovery Rate and Recovery Time List of Red, Orange, Green Zone districts for Lockdown

Download SBI Clerk Prelims 2021 Memory Based Mock PDF

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?