Nirmala Sitharaman

Nirmala Sitharaman – Key Points of 1.7 Lakh Crore Relief Package

Business

“A relief package is ready for the poor like migrant workers and urban and rural poor, who need immediate help. No one will go hungry. The package is worth Rs 1.7 lakh crore,” Nirmala Sitharaman said.

A large number of workers, farmers are going through a very hard time due to the lockdown of the whole country. For this, Finance Minister Nirmala Sitharaman announced a relief package of Rs 1.70 lakh crore to tackle the economic crisis caused due to COVID-19.

As per the Union Health Ministry`s latest bulletin, the total number of COVID-19 positive cases has climbed to 649 in the country, 593 are active cases, 42 have cured and 13 deaths.

Key Points of Relief Fund

Pradhan Mantri Gareeb Kalyan Ann Yojna

  1. Additional Five kilos of rice/wheat and One-kilo pulse per household will be given to 80 crore people under this scheme for three months.
  2. Rs 50 lakh insurance cover for each healthcare worker for three months.

“Ward-boys, nurses, paramedic staff, technicians, Safai karamcharis, doctors and specialists and other health workers would be covered by a special insurance scheme. Any health professional working for COVID-19 treatment of patients would be covered under health insurance of 50 lakhs.

Direct Transfer Scheme

Under this scheme, senior citizens, widows, farmers and daily wage laborers will be covered.

  1. Rs 2,000 in the first week of April will be transferred into 8.69 crore farmers’ accounts through direct cash transfer.
  2. Rs 2000 per worker wages will also be increased under MNREGA.
  3. Rs 1,000 in two installments, a one-time additional amount for three crore senior citizens, persons with and widows for the next 3 months.
  4. Rs 500 per month for 20 crores Jan Dhan women account holders for the next 3 months.
  5. Free cylinders to BPL families for the next 3 months under the Ujjawal LPG scheme.
  6. Rs 20 Lakh for women self-help groups, collateral-free loans have been doubled under the Deen Dayal National Livelihood Mission.
  7. Cost of EPF contribution of both employer and employee up to 12% each will be given by the centre. Workers can draw up to 75 percent of non-refundable advance from credit in PF account or 3 months’ salary. Whichever is lower. (Minimum 100 employees in the company, 90% of them have less than 15000 monthly wages)
  8. Rs 31,000 crore to provide relief for the welfare of building and construction workers. This fund will be used for improving health care facilities.

This relief fund will surely provide some relief to the people of India at the time for this economic crisis due to pandemic COVID-19.