"No One Will Go Hungry": Centre Announced 1.75 Lakh Crore-Package Amid Coronavirus Lockdown
Nirmala Sitharaman announces relief package of Rs 1,70,000 crore for poor via cash transfer and food subsidy amid lockdown
Nirmala Sitharaman Announced Relief Packages
New Delhi: Nirmala Sitharaman announced several packages for people working in the front line in this crisis, for poor and farmers, and for the organized sector amid coronavirus or COVID-19 lockdown. These packages includes, relief package of Rs 1,70,000 crore for poor via cash transfer and food subsidy amid lockdown.
Under Pradhan Mantri Annapurna Yojana, under which 80 crore people making 2-3rd of the countries population, per person will get 5kg of wheat and rice per month.
Finance Minister said, "The poor and the needy will get 5 kg additional wheat and rice-free of cost for the next three months over and above what they are entitled under the National Food Security Act. They will also get 1 kg pulses free for the next three months".
Through this package 1 lakh 70 thousand crore people would be benefited.
The Prime Minister Gareeb Kalyan scheme" will "address the concerns of poor, migrant workers and those who need help", she said, adding that the government would ensure that "no one will go hungry".
A special Rs 50 lakh medical insurance cover is being offered to the frontline workers including doctors, paramedics, this is to show gratitude towards warriors who are fighting against COVID-19 as they are referred to as gods in white costumes in this crisis( approx. 20 lakh people) she said.
The Finance Minister, who is heading the task force evaluating the financial fallout of this outbreak and charting out the course ahead, outlined a bailout package for the people and industry today.
Besides food, it had a cash component that's divided under eight heads covering all sections of society, including pensioners, women, Widows and the specially-abled, the minister said.
For the farmers as they are "Aan Daata", she said the government would release the first installment of their yearly payment of Rs 6,000. Women who have Jan Dhan accounts will get an amount of Rs 500 per month which will be for the next three months. This will benefit over 20 crore women.
With the aim of no poor person to be left without food, cash transfer will be made under the Direct Benefit Transfer (DBT) scheme. Wage increase under MGNREGA will be increased to Rs 202 instead of Rs 202, from this scheme a total of 5 crore people will be benefited which will lead to an increase in income by Rs 2,000.
To poor senior citizens, widows, disabled Rs 1,000 additional will be provided in two installments through DBT benefiting 3 crores people through this.
The Minister said, for 3 months free cylinders will be given to 8.3 crore BPL families to ensure that no family will remain empty stomach. Under Deen Dayal Yojna, Self Help Groups(SHG's) will be granted collateral-free loans up to 20 lakhs instead of 10 lakhs which will benefit 7 crore households.
Two announcements are made for the organized sector-
It is announced that the government will pay EPF contribution for 12% on behalf of employers and employees each, for the next three months for establishments with up to 100 employees and 90 percent of whom draw less than Rs 15,000 per month. This is to benefit 80 lakh workers, with 4 lakh organizations.
EPF scheme regulation will be amended to permit withdrawal of up to 75% of non-refundable advance or three months wages, whichever lower. This scheme will benefit 4.8 crore subscribers.
#Watch | "Request the state governments to utilise the District Mineral funds for supplementing medical testing and screening": Nirmala Sitharaman, Finance Minister.#CoronavirusLockdown #CoronavirusOutbreak #coronavirusinindia #CoronavirusPandemic https://t.co/5hZ5uTbI79— DailyaddaaNews (@Dailyaddaa) March 26, 2020
Finance Minister Nirmala Sitharaman also requested the state government and asked to utilize District Mineral Fund for screening and testing.
Watch Finance Minister's announcements of the packages here:-
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