The key highlights of the relief package announced by the FM are as under:
· The size of the package has been set at Rs.1.7 lakh crore ($22 billion) under the Prime Minister Gareeb Kalyan Yojana including cash transfers and free resources
· Building and construction workers to be given Rs.31,000 crore via state governments
· EPFO to allow lower of 75% non-refundable advance or 3 months wages. EPFO contributions for 3 months to be done by governments for incomes less than Rs.15,000.
· A total of 8.3 crore Ujjwala beneficiaries to get free cooking gas (LPG) cylinders for the next three months
· Collateral-free loan doubled to Rs.20 lakh to 63 lakh women self-help groups (SHG) and this is likely to indirectly about 7 crore households
· Ex-gratia of Rs.1,000 to 3 crore poor senior citizen, poor widows and poor disabled with women Jan Dhan account holders to get Rs.500/month for home expenses
· A total of 8.69 crore farmers to be benefited through cash transfers. Instalment of Rs.2000 to be done in first week of April to every MNREGA worker too
· PM Garib Ann Yojna to give additional 5 KG of rice or wheat and 1 kg dal in addition to the existing scheme
· Very importantly, all health workers to get medical insurance cover of Rs.50 lakh under a floating health cover
· The package will be focused on micro, small and medium enterprises (MSMEs) and daily wage workers besides injecting liquidity in the market, ANI said.
The cost of the COVID-19 lockdown has been pegged at Rs.9 lakh crore or 4% of GDP.
The key highlights of the relief package announced by the FM are as under:
· The size of the package has been set at Rs.1.7 lakh crore ($22 billion) under the Prime Minister Gareeb Kalyan Yojana including cash transfers and free resources
· Building and construction workers to be given Rs.31,000 crore via state governments
· EPFO to allow lower of 75% non-refundable advance or 3 months wages. EPFO contributions for 3 months to be done by governments for incomes less than Rs.15,000.
· A total of 8.3 crore Ujjwala beneficiaries to get free cooking gas (LPG) cylinders for the next three months
· Collateral-free loan doubled to Rs.20 lakh to 63 lakh women self-help groups (SHG) and this is likely to indirectly about 7 crore households
· Ex-gratia of Rs.1,000 to 3 crore poor senior citizen, poor widows and poor disabled with women Jan Dhan account holders to get Rs.500/month for home expenses
· A total of 8.69 crore farmers to be benefited through cash transfers. Instalment of Rs.2000 to be done in first week of April to every MNREGA worker too
· PM Garib Ann Yojna to give additional 5 KG of rice or wheat and 1 kg dal in addition to the existing scheme
· Very importantly, all health workers to get medical insurance cover of Rs.50 lakh under a floating health cover
· The package will be focused on micro, small and medium enterprises (MSMEs) and daily wage workers besides injecting liquidity in the market, ANI said.
The cost of the COVID-19 lockdown has been pegged at Rs.9 lakh crore or 4% of GDP.