Relief Package for Poor & Employers: Nirmala Sitharaman announces Rs 1.7 lakh crore relief scheme

FM Nirmala Sitharaman announces relief package for poor
FM Nirmala Sitharaman announces relief package

Corona Relief Package: FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor and employers

Nirmala Sitharaman, Union Finance Minister has announced a relief package of Rs 1.70 lakh crore on Thursday to fight against the coronavirus epidemic. The Finance Minister announced Rs 1.7 lakh crore relief package to give life insurance of 50 lakh rupees to 20 lakh health workers. Special attention has been given to farmers, poor, women, employees, workers.

If any health worker is harmed during the Coronavirus war, then this insurance amount will be compensated. The Narendra Modi government has made a special announcement to thank the ASHA workers, doctors, nurses, and other health workers involved in eradicating the coronavirus infection.

Two steps have been taken in this, the first one is not hungry and the second one is not having a shortage of funds in difficult times. Union Finance Minister Nirmala Sitharaman has announced the Prime Minister’s Poor Welfare Relief Package of Rs 1.70 lakh crore.

Under the Garib Kalyan Anna Yojana, 80 crore beneficiaries will be given an additional 5 kg of wheat or rice and one kg of pulses free for the next three months. This will be in addition to the food grains received every month. This grain will be made available through the Public Distribution System.

Here’s what the FM, Nirmala Sitharaman said:

Mahila Jan Dhan Yojana: Under the Jan Dhan Yojana, women bank account holders will be given Rs 500 per month for the next three months. This will benefit about 20 crore women bank account holders.

Farmers: This will benefit 8.69 crore farmers of the country. In order to ensure that the farmer of the country does not face any problem during the lockdown, 2000 rupees as the first installment of an amount of Rs 6000 annually under PM Kisan Samman Nidhi scheme, deposited in their bank accounts in the first week of April will go.

Poor Widow, Older, and Disabled Person: 3 crores poor widow, aged and handicapped people of the country will be given a pension of additional 1000 rupees in the next three months to avoid trouble during the lockdown period. This pension will be received in two installments and will be deposited in their bank account through direct money transfer.

MNREGA: It has been decided to increase the wages of laborers registered under MNREGA. Their daily wages have been increased from Rs 182 to Rs 202, this will increase the income of these laborers by Rs 2000. 5 crore families will benefit in MNREGA.

Ujjwala Yojana: Under the Pradhan Mantri Ujjwala Yojana, 8.3 crore BPL families will be provided gas cylinders free of cost for the next three months.

Organized sector workers and employees: Under this, 24 percent of the joint contribution of employer and employees deposited in EPFO ​​will be paid by the Government of India for the next three months.

In such institutions where the number of employees is less than 100 and 90 percent of the employees are less than 15000 rupees, they will be given special help by the Government of India. This will benefit more than 4 lakh institutions and more than 80 lakh laborers.

Apart from this, the rules of the EPFO ​​scheme have been amended. Under this, an employee can withdraw money from his EPF account equal to 75 percent or three months’ salary, whichever is less. It is non-refundable. This will benefit 4.8 crore employees.

Women’s Self Help Groups: These groups will now be given loans up to Rs 20 lakhs instead of Rs 10 lakhs without any guarantee. To help 63 lakh women self-help groups working in the country, the limit of guarantee free loan has been doubled. This will benefit 7 crore families.

District Mineral Fund: The Government of India has directed all the State Governments to utilize the funds deposited in this fund to strengthen medical testing, screening testing and other health facilities in the war against the coronavirus.

Construction workers: The Government of India has directed all the State Governments to use the funds of Rs. 31,000 crore deposited under the Building Construction Labor Welfare Fund to help registered 3.5 crore buildings and other construction workers.

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Workers engaged in nation-building and building construction and other construction have been affected the most due to the blockage in economic activities caused by the coronavirus.