Highlights from FM's speech:
• A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore.
• There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period.
• Pradhan Mantri Gareeb Kalyan Ann Yojna (for next 3 months): 80 cr poor ppl covered (2/3rd of India’s population), in addition to already allotted 5Kg of rice/wheat per person, an additional 5kg will be free. Additional 1kg pulse (acc to regional preference) will be given.
• 8.69 crore farmers to be immediately benefited through Direct cash transfers. Installment of Rs 2000 in the first week of April will be transferred.
• Wage increased from Rs 182 to Rs 202 per day- 5 crore families benefited, an increase of Rs 2000 per worker on average as additional income.
• Old age, Divyang, pensioners: 3 crore people covered, one-time amount of additional Rs 1000 in two installments through DBT (hence no middlemen) over 3 months to be given.
• 20 crore Jan Dhan Women account holders covered- Ex gratia amount of Rs 500 per month for the next three months.
• Beneficiaries of the Ujjwala scheme: 8.3 crore households benefitted from the gas cylinders provided under the scheme. These beneficiaries will get free cylinders for three months in view of the disruption the coronavirus lockdown will cause.
• Self Help women groups or SHGs (7 crore households covered) get up to Rs 10 lakh collateral-free loans under the Deen Dayal Upadhyaya National Rural Mission scheme. The cap has been doubled to Rs 20 lakh. The move will benefit 70 million households.
• For organised sector workers, Govt of India will pay the Employees' Provident Fund (EPF) contribution, both of employer and employee, put together it will be 24%, this will be for next 3 months. This is for those establishments which have up to 100 employees and 90% of them earn less than 15,000.
• The Employees Provident Fund scheme regulations will be amended to allow non-refundable advance of 75% of the amount standing to credit of the member, or 3 months’ worth of wages, whichever is lower. This will benefit 4.8 crore organised sector workers registered with EPFO. This will benefit 80 lakh employees and incentivize 4 lakh establishments.
• Welfare for building and construction workers, registered 3.5 crore workers to be benefited, Central Govt has given orders to State Govts to use fund (Rs31,000 crore) to provide relief.
• District Mineral Fund: Central Govt to request State Govts to use this fund to augment medical testing and screening and providing health attention.
• A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore.
• There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period.
• Pradhan Mantri Gareeb Kalyan Ann Yojna (for next 3 months): 80 cr poor ppl covered (2/3rd of India’s population), in addition to already allotted 5Kg of rice/wheat per person, an additional 5kg will be free. Additional 1kg pulse (acc to regional preference) will be given.
• 8.69 crore farmers to be immediately benefited through Direct cash transfers. Installment of Rs 2000 in the first week of April will be transferred.
• Wage increased from Rs 182 to Rs 202 per day- 5 crore families benefited, an increase of Rs 2000 per worker on average as additional income.
• Old age, Divyang, pensioners: 3 crore people covered, one-time amount of additional Rs 1000 in two installments through DBT (hence no middlemen) over 3 months to be given.
• 20 crore Jan Dhan Women account holders covered- Ex gratia amount of Rs 500 per month for the next three months.
• Beneficiaries of the Ujjwala scheme: 8.3 crore households benefitted from the gas cylinders provided under the scheme. These beneficiaries will get free cylinders for three months in view of the disruption the coronavirus lockdown will cause.
• Self Help women groups or SHGs (7 crore households covered) get up to Rs 10 lakh collateral-free loans under the Deen Dayal Upadhyaya National Rural Mission scheme. The cap has been doubled to Rs 20 lakh. The move will benefit 70 million households.
• For organised sector workers, Govt of India will pay the Employees' Provident Fund (EPF) contribution, both of employer and employee, put together it will be 24%, this will be for next 3 months. This is for those establishments which have up to 100 employees and 90% of them earn less than 15,000.
• The Employees Provident Fund scheme regulations will be amended to allow non-refundable advance of 75% of the amount standing to credit of the member, or 3 months’ worth of wages, whichever is lower. This will benefit 4.8 crore organised sector workers registered with EPFO. This will benefit 80 lakh employees and incentivize 4 lakh establishments.
• Welfare for building and construction workers, registered 3.5 crore workers to be benefited, Central Govt has given orders to State Govts to use fund (Rs31,000 crore) to provide relief.
• District Mineral Fund: Central Govt to request State Govts to use this fund to augment medical testing and screening and providing health attention.
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