Industry bodies today welcomed the said the second tranche of the stimulus package saying that it will provide relief to the most vulnerable sections of the society reeling under the impact of COVID-19 and boost the housing sector, aiding economic growth.

President of FICCI, Sangita Reddy said, today's announcements will take forward the elements that were mentioned in the Pradhan Mantri Gareeb Kalyan Yojana and add more dimensions to it. She said, they hope that the government has planned for the implementation of these schemes well in conjunction with the State Governments who will have a major role to play.

Assocham Secretary General Deepak Sood said, after providing crucial support  to the MSME sector, the Prime Minister's 20 lakh crore rupees economic package has most aptly targeted small farmers, migrant workers and street vendors who are the most vulnerable section of the society, reeling under the COVID-19 crisis.

CII Director General Chandrajit Banerjee said, the second tranche of stimulus package rightfully focussed on providing relief to poor including migrant workers, farmers, street vendors and members of tribal community who have borne the brunt of the lockdown necessitated due to COVID-19 outbreak.