An important meeting between Modi and the Cabinet was held on Monday, the first day of Unlock 1. Many important decisions were taken

New Delhi: An important meeting between Modi and the Cabinet was held on Monday, the first day of Unlock 1. Many important decisions were taken by the government in this meeting. The Cabinet meeting was chaired by Prime Minister Narendra Modi.

Narendra ModiThis is the first meeting of the second term of the government. Union Minister Prakash Javadekar said that many decisions were taken in the meeting regarding farmers, MSMEs. "MSMEs have a huge role to play in building a strong and important India," Javadekar said.

Looking at Covid, many announcements have been made for this sector. A number of announcements have been made for its effective implementation. In the meeting Javadekar said that the limit of MSME has been increased from 25 lakhs to 1 crore. The Government of India has revised the definition of MSME.

Narendra ModiPrakash Javadekar said that the definition of MSME has changed; now the scope of its definition has also been widened. These amendments have been made in MSME after 14 years. The loan proposal under Rs 20,000 crore has been approved. It also approved an equity investment of Rs 50,000 crore.

The turnover limit of MSMEs has been increased to Rs 5 crore. The decisions taken in today's meeting will help boost employment. More than 60 million MSMEs have a significant role to play in the country. The government has taken big decisions so that the people can do their job properly.

In the meeting, Union Minister Narendra Singh Tomar said that the MSP has been increased. This is a big announcement by the government for the farmers. Tomar said that there are 14 crops in which farmers would be given 50 to 83 percent higher support price.