Government is trying to give relief to Common Man and boost up Small and Medium size Business in many ways. Lets look at some of the measures taken by them in this regard.
Simple interest was applied on many small loans from 01/03/2020 to 31/10/2020. This included Housing Loan, personal loan, Education Loan, Business loans up to 2 crore (Small & Medium Business).
Import Duty cut on Palm oil to Control prices of Edible Oils.
Anti Dumping duty imposed on Many Chinese goods and Companies are incentivized to open manufacturing hubs in India. Now Most of the Electronic goods are manufactured in India and it has eased our import bill considerably. This has also generated employment for common man.
Farmers were freed from the clutches of Middlemen in the new Farm Bill.
Currency is kept stable to make export competitive.
Export Finance is available at almost zero cost for Manufacturer Exporter who is a MSME.
RBI has created excess liquidity in the market and call money rates have crashed. It has now become unviable for Banks to park the surplus money in short term paper. Banks are now looking to give loans to good genuine borrowers. There is a big push from Government to give such loans.
Its a tough task to revive a Giant Indian Economy and we all have to work collectively to bring it back on path of growth.