Coronavirus Pandemic LIVE Updates: 10 key takeaways of Rs 1.7 Lakh Crore Economic Package, Direct Money Transfers to Employees and Poor

Rs 1.7 Lakh Crore Economic Package,

“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,” said UNion minister.

For Farmers: Farmers will get Rs 2,000 each as direct cash transfer in their Jan Dhan bank account as the first instalment to meet the immediate cash requirement in the view of Covid-19 outbreak under the PM Kissan scheme. This will benefit 8.69 cr farmers.

Women beneficiaries of the Ujjwala scheme: Finance Minister Nirmala Sitharaman announced free cylinders under the Ujjawala scheme, where 8.3 crore BPL families would be benefitted over the course of the next three months.

Ann Yojana: 5 kg of rice or wheat will be given for free for the next three months under the Pradhanmantri Garib Kalyan Yojana besides, 1 kg pulse available regionally will also be given for free to 80 crore people.

​​​​​​​Organised sector workers: Provident Fund(EPF) contribution, both employer and employee, put together it will be 24%, this will be for the next 3 months. This is for those establishments which have up to 100 employees and 90% of them earn less than 15,000.

Women who hold a Jan Dhan Yojana account: 20.5 crore women account holder of Jan Dhan Yojana to get Rs. 500/month for next 3 months | For next 3 months under Ujjwala Yojana, beneficiaries to get gas cylinders 4 Free | 60 lakh, women, under self-help group (SHG) to get a collateral-free loan up to Rs.20 lakh.

Women in self-help groups (SHGs): Self-help groups get up to Rs 10 lakh collateral-free loans under the Deen Dayal Upadhyaya National Rural Mission scheme. The cap has been increased to Rs 20 lakh. This will benefit 63 lakh SHGs and have an impact on 7 crore households

EPF members will be allowed to draw non-refundable advance of 75% from credit in their PF account or 3 months salary, whichever is lower

For construction workers: There is a welfare fund for construction workers. The central government will direct the state governments to utilise Rs 31,000 crore in that fund to and protect these workers against any economic disruption. This will benefit 3.5 crore workers, said FM Sitharaman.

Health care workers: A health insurance cover of Rs 50 lakh per health care worker as a medical insurance cover for them for three months this will include sanitation and ASHA workers, paramedics, doctors, nurses.

One time ex-gratia of Rs 2,000 to 3 crore poor senior citizens, poor widows and Divyangs through DBT

Collateral free loans up to Rs 20 lakh will be provided to self-help groups, doubled from the current limit of Rs 10 lakh. this will benefit 63 lakh women self-help groups and will to impact 7 crore households.

Coronavirus lockdown relief package for poor widows, aged, and divyang poor widows, aged, and divyang. Ex-gratia of Rs 1,000 for the next three months, in two instalments. 30 million people to benefit. transfers to be done through direct benefits transfer

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Coronavirus Pandemic LIVE Updates: 10 key takeaways of Rs 1.7 Lakh Crore Economic Package, Direct Money Transfers to Employees and Poor

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