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| source: PTI |
On Thursday
afternoon Finance Minister Nirmala Sitharaman addressed all the media to share
further details on Rs 20 lakh crore economic stimulus package as per announced
on 12th of May by honourable PM Modi through the televised address to the nation
which is the world’s largest relief package announced by any nation till date. During
the second day, the finance minister is presenting details on the tranche of
the government's aid package for businesses including several sectors because
of coronavirus outbreak.
Yesterday,
Sitharaman gave details of Rs 20 lakh crore economic stimulus relief package
which carried Rs 30,000 crore Special Liquidity Scheme divided for financial
companies that come under the non-banking sector, housing finance,
microfinance companies read full details here
2nd tranche of the economic stimulus relief package consist:
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| source:picsbay |
3 crore farmers will benefit through Rs 30,000 crores
extra emergency operation capital funding through NABARD. To build job
opportunities for tribals /Adivasis -plans worth Rs 6000 crores to be confirmed
shortly under Compensatory Afforestation Management & Planning Authority
(CAMPA) Reserves.
Through
Kisan Credit Cards of Rs 2 lakh crore concessional credit will be given to 2.5
crore farmers. For crop loan demands of Rural Co-operative banks and regional
rural banks, NABARD will provide additional re-finance support of Rs 30,000
crores
Government
to produce the (CLSS)Credit Linked Subsidy Scheme for the betterment of
middle-income group (which have annual income Rs 6-18 lakhs) up to March 2021;
it is calculated that during 2020-21 2.5 lakh middle income families will get
the advantage.
The Government
of India will help approximately 50 lakh street vendors with Rs 5000 crore and Special
Credit Facility. The government of India will grant an interest subsidy of 2% for
immediate MUDRA-Shishu Loans payees for 12 months, And Relief for Rs 1500
crores to loan payees come under the MUDRA-Shishu loan scheme.
Modi Govt is
also planning to launch a scheme for rental housing for migrant workers/urban
poor that are affordable and provide ease of living. It will transform
govt-funded housing in cities into Affordable Rental Housing Complexes (ARHC).
Modi Govt
will implement One Nation One Ration Card which will create 67 crore
beneficiaries in 23 states covering 83% of the Public Distribution System
the population will be covered by August 2020.
Basic cost-free food/grains fulfilled to all migrants
and will be for the following 2 months. In the case of non-card holders, they
shall be provided with 1 kg chana per family/month & 5kg wheat/rice per
person for 2 months. It will benefit 8 crore migrants and funding Rs 3500
crores to support this.
1.2 lakh litres of sanitizers & 3 crore
masks are made by 12,000 self-help groups (SHGs) during the #COVID19 period. Out
of which 7,200 new SHGs have been grown during the last two months for the help
of urban poor.
14.62 crore
previously have generated to person-days of work till 13th May, as compared to
last May 40-50% more persons filed. Migrant workers from different states are going
back to their states being actively registered.
Indian Govt
has authorized government of the state to utilize SDRF for setting up a shelter
for migrants, people and food, as well as water and many more thing, should
facilitate to them...We are awake, we are serving to the migrant's people and
providing them in multiple ways.
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| source:picsbay |
Interest subvention plus prompt repayment
consideration on crop loans due from 1st March has been increased to 31st May
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