Home Videos 5 Massive Bulletins In Finance Minister's Coronavirus Reduction Bundle - NDTV Revenue

5 Massive Bulletins In Finance Minister’s Coronavirus Reduction Bundle – NDTV Revenue

The reduction measures included direct money transfers and meals security-related steps

Finance Minister Nirmana Sitharaman on Thursday unveiled a Rs 1.7 lakh-crore fiscal stimulus package deal to assist the poor and migrants sort out the monetary difficulties arising from the coronavirus (COVID-19) outbreak, and the 21-day nationwide lockdown that started yesterday. Saying the reduction package deal underneath PM Gareeb Kalyan Scheme, the finance minister stated, “Nobody will go hungry”, stating that the rapid focus is on assuaging the hardships of the migrant employees, city and rural poor. The reduction measures included direct money transfers (underneath the DBT or Direct Profit Switch scheme) and meals security-related steps aimed toward giving reduction to the poor employees hit by the countrywide lockdown.

Listed here are 10 large bulletins by the Finance Minister:

  1. The Finance Minister introduced a medical insurance coverage cowl of Rs 50 lakh per particular person for these on the frontline of the combat in opposition to the lethal coronavirus outbreak, together with medical doctors, nurses and sanitation employees.

  2. Direct money transfers for eight classes of beneficiaries, together with pensioners, ladies and the specially-abled was additionally introduced as a part of the reduction package deal. 

  3. Farmers will get the primary instalment of Rs 2,000 underneath the Kisan Samman Nidhi within the first week of April.

  4. The federal government elevated the wages underneath the MNREGA scheme from the present Rs 182 to Rs 202.

  5. The Finance Minister stated ladies holding financial institution accounts underneath the monetary inclusion scheme Jan Dhan will get an ex-gratia quantity of Rs 500 monthly for subsequent three months.

  6. The federal government introduced the availability of 5 kilograms of both rice or wheat and one kilogram of lentil of selection freed from value to poor households each month for a interval of three months, along with the present 5 kilograms of wheat/rice introduced earlier.

  7. The federal government additionally introduced collateral-free loans price as much as Rs 10 lakh for ladies self-help teams underneath the Deen Dayal Upadhyaya Nationwide Rural Mission scheme.

  8. It additionally doubled the restrict relevant to the present scheme to Rs 20 lakh.

  9. The federal government made two bulletins for the organised sector. The Centre stated it should pay EPF contribution on behalf of each the worker and the employer for a interval of three months for sure small firms. The federal government stated firms with as much as 100 staff through which 90 per cent of the workers is paid lower than Rs 15,000 monthly will probably be entitled to obtain this profit.

  10. It’ll additionally allow withdrawals of as much as 75 per cent of non-refundable advance or three months of wages from the EPF account, whichever is decrease, a transfer more likely to profit 4.eight crore subscribers.

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