Finance Minister announces Covid-19 economic package

Pothashang News Service: Imphal, 26 March, 2020: Finance Minister Nirmala Sitharaman, who is heading the economic task force to combat the Coronavirus pandemic, on Thursday, announced Rs 1.7 lakh crore bailout packages for the poor, farmers, SHGs, and the organised sector to help them battle any economic disruption.

Following are the packages announce by the minister.

1. Rs 50 lakh Insurance   scheme for   health workers   fighting   Covid-19

2. 8.7 crore farmers would be given Rs. 2000 in the month of April.

3. A total of 20.40 crore PMJDY women account-holders would  be given an ex-gratia   of Rs 500  per month for next three months. For this purpose, the Government of India will spend Rs 31000 crore.

4. Three gas cylinders would be provided for the next three months free of cost to 10.8 crore families of below poverty line.

5. Government would bear 24% of EPF for the next three months for employees earning below Rs 15,000 per month for businesses having less than 100 employees.    Rs 5000 crore are being provided for this purpose.

6. Government will give Rs 1000 to 3 crore aged widows  and people  In   Dviyang category who are vulnerable due to economic disruption  caused by Covid-19. Rs 3000 crores has been provided for this purpose.

7. About 80 crore people will come under the Pradhan Mantri Garib Kalyan Anna Yojana (food scheme). Everyone under this scheme will get 5 kg of wheat/rice for free in addition to what they are already getting. The government will also give 1 kg of
of one choice of pulse to each household under this scheme for the next three months. People can take it in two installments as well.

8. MNREGA    wages   would   be increased  by Rs 20 with effect  from  April 1.  Rs. 5600 crore will be spent and 13.62   crore families will get benefit.

9. For 63 lakh SHGs, which help 7 crore households, the government is doubling collateral-free loans to Rs 20 lakh.

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