Covid-19 relief package: FM announces Rs 1.7 trn plan for poor and migrants

Finance Minister Nirmala Sitharaman today announced a relief plan for the poor and migrants in the country in light of the 21-day closure in the country to meet the challenge posed by the coronavirus pandemic (Covid -19).

Prime Minister Gareeb Kalyan’s program, worth 1.7 trillion rupees, will have two components – money transfer and food security, said the finance minister. Covid-19 package to address welfare concerns of poor and migrant workers who suffer due to a nationwide blockage

The FM also announced a medical insurance plan for health workers. This Rs 50 lakh per individual insurance plan would be applicable to all health workers who include sanitation and ASHA workers, paramedics, doctors, nurses. Two million health workers will benefit from this device, informed the minister.

PM Gareeb Kalyan program will have two components

1. The Pradhan Mantri Gareeb Kalyan Anna Yojana:

Under this plan, 800 million poor people in the country will receive 5 kg of rice or wheat per month free of charge, in addition to the 5 kg they already receive. In addition to rice or wheat, each household will receive 1 kg of preferred dal for free for the next three months.

2. Cash transfer scheme:

  • Farmers will soon receive the first payment of the PM-KISAN payment of 2,000 rupees. The move will benefit 87 million farmers across the country.

  • MGNREGS: The salary went from Rs 182 to Rs 202 per day. This wage increase will benefit 50 million families, as their incomes will increase by almost Rs 2,000

  • Poor widows, elderly and divyang: gratis transfer of 1,000 rupees for the next three months, in two installments. 30 million people will benefit and transfers will be by direct transfer of profits (DBT)

  • Women with Jan Dhan Yojana accounts: 200 million of these account holders will benefit from Rs 500 free of charge for the next three months.

  • Beneficiaries of the Ujjwala program: 80 million households benefited from the gas cylinders supplied under the program. These beneficiaries will receive free bottles for three months due to the disruption that the coronavirus lockout will cause.

  • Women in self-help groups: 6.3 million self-help groups (SHG) obtain up to 10 rupees from unsecured loans under the Deen Dayal Upadhyaya National Rural Mission program. The ceiling has been doubled to Rs 20 lakh. This decision will benefit 70 million households.

  • Organized sector workers: The government of India will pay the EPF contribution to both the employee and the employer for the next three months. It will be for all establishments that have up to 100 employees, 90% of whom earn less than Rs 15,000 per month. This will benefit 400,000 of these organizations and 8 million of these employees. In what will benefit 8 million employees and 400,000 establishments, the EPFO ​​regulation will be modified to allow the withdrawal of up to 75% of their corpus in advance, not reimbursable, or in three-month salary, whichever is less. .

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