Finance Minister Announces INR 1.7 Lakh Crore Economic Package For The Poor

Published on 26 Mar 2020 by Shivi

On Thursday, Nirmala Sitharaman announced a host of measures including a Rs 1.7 lakh crore package for the poor.

Highlights of her announcements:

  • Rs 1.7 lakh crore package for poor via cash transfer amid lockdown
  • Stimulus package to focus on migrant labourers and daily wage workers
  • Will include a mix of food security and direct cash benefits
  • PM Gareeb Kalyan scheme will include cash transfers for poor and migrants
  • Wage increase under MNREGA will benefit 5 crore families
  • The wage increase will result in an additional income of Rs 2,000 per worker.
  • Cash transfer will be through DBT in eight parts: Farmers, MNREGA, widows, poor pensioners, divyang, women under Jan Dhan Yojana, women and households under Ujjwala scheme, SHGs for women especially under the livelihood mission, organized sector workers under EPFO
  • Poor senior citizens, widows and 'divyangs' to receive Rs 1,000 over the next three months.
  • Rs 50 lakh insurance cover for each healthcare worker for three months.
  • Wage increase under MNREGA will benefit 5 crore families. The wage increase will result in an additional income of Rs 2,000 per worker.
  • 80 crore people will come under the ‘Pradhan mantra Gareeb Kalyan Anna Yojana. will get 5 kg of wheat/rice for free in addition to what they are already getting. also give one kg of one choice of pulse to each household for the next three months.
  • Under the Pradhan Mantri Gareeb Kalyan Ann Yojna, announced for the for next 3 months, at least 80 crore poor people will be covered. Under the scheme, an additional five kilos of rice/wheat will be given along with 1-kilo pulse per household.

Source

Tags: General Legal 

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