InvestorQ : What are the highlights of the stimulus announced on 14 May?
Chandralekha Desai made post

What are the highlights of the stimulus announced on 14 May?

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Mitali Bhutta answered.
12 months ago
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The announcements on 14 May focused more on rural India and on migrant labour. Here are the highlights.

· Focus on farmers, migrant workers and street vendors

· Special credit facility of Rs.5000 crore for street vendors to revive business

· The '1 nation 1 ration card' expected to help the poor and migrant workers

· Concessional credit of Rs.2 trillion to PM-Kisan beneficiaries

· Interest subvention scheme on farmer loans extended

· Refinancing of Rs.29,000 crore agri loans to farmers

· Free food grains for migrant workers for next two months to benefit 8 crore migrants

· Non-ration card holders to get free 5 kg per family of wheat/rice and 1 kg chana

· Open to allocating more funds to the MNREGA if required

· Work towards universal minimum wage

· Mandatory ESIC coverage for employees of hazardous industries

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