New Delhi: India’s Prime Minister Mr. Narendra Modi on Tuesday announced a Rs 20 lakh crore stimulus package to tackle the impact of coronavirus and weeks of lockdown. He also announced the extention of lockdown saying, “lockdown 4” after May 17 in a “completely different form”, with new rules.

The special economic package, equivalent to around 10 per cent of India’s GDP, would be the main component of “Aatma Nirbhar Bharat” or self-reliant India, the Prime Minister said, addressing the nation for the third time since he announced a total lockdown in late March.

Details of lockdown 4 would be shared before May 18, following suggestions from states, said the PM.

“Corona will be with us for a long time but our lives cannot revolve around it. We will wear masks, we will follow doh gaj ki doori (six-foot distance), but we won’t let it derail our targets,” he stressed.

Recent decisions by the Reserve Bank of India (RBI) and an earlier package announced at the start of the lockdown, combined with Tuesday’s package, would add to a stimulus of about Rs 20 lakh crore, he said as he announced the widely anticipated move on Day 50 of the lockdown.

“The package will focus on land, labour, liquidity and law; it will help small businesses, labourers, farmers, the middle class and cottage industries. It will focus on the well-being of migrant workers too,” said the PM.

“Day labourers, migrant workers have suffered much in this period. It is our duty now to do something for them.”