Thursday, May 14, 2020

Announcement by Finance Minister TRANCHE-II

Today's Announcement by Finance Minister
TRANCHE-II
Focus on Migrant Workers, Street Vendors, Small Traders, Self Employed People, Small Farmers

Migrant Workers
For migrants who are going back home, we have generated 42.62 crore persons days of work, which is 40-50% more than before the coronavirus lockdown. We have enrolled them 2.33 crore wage seekers in 1.87 lakh gram panchayats who via MNREGA will get enrolled and get jobs. They will be actively engaged, annual expenditure is Rs 10,000 crore.

Special credit facility to 50 lakh street vendors of worth Rs 10,000 crore.

Interest subvention for loans to farmers, normally given for prompt repayment, further extended to May 31, 2020. Close to 3 crore marginal farmers had received loans worth Rs 4 lakh crore at low rates. They were also given a moratorium by the RBI.

25 lakh new Kisan credit card holders have been sanctioned loans worth Rs 25,000 crore


For urban poor, including migrants
Rs 11,000 crores by the Centre sent to states to to set up shelter for migrants and provide food and water
7200 new SHGs have been formed for the urban poor since March 15.

12,000 self-help groups have produced 3 crore masks during Covid period.

Free food grains for migrants for next 2 months.

One Nation One Ration Card
Now card-holders can be used in any ration shop in country.
63 crore beneficiaries in 23 states will get covered by August 100% coverage by March 2021

Affordable Housing Scheme

Shishu Loan with Mudra
Interest subvention support of 2%

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