new delhi niti aayog vice chairman rajiv kumar on wednesday lauded finance minister nirmala sitharamans outstanding followup to the prime ministers stimulus announcement saying the measures taken for msmes will boost their size as well as resolve many other problemsmsmes are crucial for the creation of an aatmanirbharbharat and the measures announced today will surely lead to a boost in the size scale of msmes as well as resolve problems of bankruptcy and insolvency faced by many enterprises kumar tweetedwithin less than 24 hours of prime minister narendra modis rs 20 lakh crore special economic package announcement the finance minister came out with the first installment of the mega stimulusthe slew of measures announced by fm nsitharaman are an outstanding followup to pmmodis announcement yesterday kumar said in another tweetamong the economic measures sitharaman announced about rs 6 lakh crore package comprising rs 3 lakh crore of collateralfree loans for small businesses and a rs 30000 crore lifeline to nonbank and housing finance companies to help the economy tide over disruptions caused by the coronavirus lockdownalso the government has cut the tax rate on nonsalary payments by 25 per cent extended support to companies to meet statutory liability on employees retirement fund provided a rs 90000 crore bailout to cashstarved electricity distribution companies and gave construction firms up to six more months to complete the government projectsthe finance minister said the measures will help spur growth and build a very selfreliant indiait addresses ease of doing business compliance and due diligence and the intention is also to build local brands she said