Sunday, April 5, 2020
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Coronavirus India Package: All you need to know about government’s Rs 1.7 lakh crore stimulus package | India Business News – Times of India

NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday introduced a complete Rs 1.7 lakh crore package to cope with the affect of lethal coronavirus outbreak. The advantages of the financial package might be launched by direct money transfers and meals safety measures geared toward giving aid to tens of millions of poor hit by the nationwide lockdown within the nation.

Here are the highest updates from the finance minister’s briefing:

Workers – like nurses, paramedics and sanitation employees – who’re within the frontline of the struggle towards the illness, might be supplied medical insurance coverage cowl of Rs 50 lakh per particular person.


Under Garib Kalyan Anna Yojana, 80 crore ration card holders will get 5 kg of wheat/rice per particular person might be given for subsequent three months as well as to the 5 kg which is already given; 1 kg of pulse per family.


As many as 20 crore girls Jan Dhan account holders will get ex-gratia quantity of Rs 500 per thirty days for subsequent three months to run their households.


Beneficiaries of Ujjwala LPG scheme will get free gasoline cylinders for the subsequent three months. This is predicted to profit 8.3 crore BPL (beneath poverty line) households.


The each day wage underneath MNREGA has been elevated to Rs 202 a day from Rs 182, benefiting 5 crore employees who stand to acquire about Rs 2,000 in all.


The restrict of collateral-free loans to 63 lakh girls self-held teams has been doubled to Rs 20 lakh, thereby impacting 7 crore households.


Farmers, who get Rs 6,000 yearly underneath PM-Kisan, will get first installment of Rs 2,000 as well as and it will likely be given instantly within the first week of April.


Ex-gratia Rs 1,000 (to be given in two instalment) to widow, poor widows, ‘divyang’ and senior residents for the subsequent three months.


Government to pay EPF contribution (each employer and worker) for subsequent three month for these institutions which have up to a 100 workers and 90% workers incomes lower than Rs 15,000. Workers can withdraw up to 75% from the PF funds (non-refundable advance) or three months of wages (whichever is decrease).


Welfare fund of Rs 31,000 crore for development employees can be utilized by 3.5 crore registered employees.


District mineral fund will be utilised for mineral employees.


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