KEY TAKEAWAYS FROM TRANCHE -2

As announced by Prime Minister, Shri Narendra Modi on 12th May 2020,
Finance Minister Nirmala Sitharaman has released second tranche of the ₹20 lakh crore economic package to revive the economy hit by the coronavirus pandemic. This package has aimed at migrant labourers, farmers and urban poor.

Following are the relief measures:

  • Everyday 300 Shramik special trains can run.
  • Fishermen and Animal Husbandry farmers shall be included in Kisan credit
    card scheme.
  • Kisan credit cards: ₹2 lakh crore of concessional credit boost to 2.5 crore
    farmers.
  • ₹30,000 crore additional emergency fund through NABARD for farmers.
  • ₹6000 crore employment push using CAMPA funds for tribal.
  • For the lower strung of the middle class earning ₹6-18 lakh annual income,
    whereas the govt will extend the CLSS scheme for affordable housing till
    March 2021.
  • Special credit facility of about ₹500 crore for street vendors. The scheme will
    be launched within a month. There are 50 lakh street vendors.
  • ₹1500 crore interest subvention for MUDRA-SISHU LOAN.
  • Government to launch a scheme for affordable rental housing for migrant
    workers/urban poor to provide ease of living by converting Government
    funded housing in cities into Affordable Rental Housing Complexes (ARHC)
    under PPP (Public-Private Partnership) mode through concessionaire.
  • Concessional rental housing complexes for migrant workers.
  • 8 crore non-PDS card holders will get 5 kg of grains per person: FM.
  • All occupations should be open for women, with provision for night working
    rights and adequate safeguards.
  • Ration cards portability to be introduced. ‘One nation, one ration card’ will
    be implemented within August. Ration cards would be used anywhere in India.
  • Without cards also the workers can get the grains.
  • 8 crore migrant workers shall benefit.
  • Free food grain supply to all migrant workers.
  • Social security measures to be extended to gig workers.
  • Regional disparity in minimum wages to be removed.
  • Minimum wages to be made universally to all workers.
  • States have been advised to give work to labourers under MNREGA
  • Government has generated 14.6 crore man-days until now. The figure is 40-
    50% more persons enrolled.
  • Interest subvention and prompt repayment incentive on crop loans due from
    1st March has been extended to 31st May 2020.
  • ₹29,500 crore loans refinanced by NABARD.
  • 3 lakh loans have been approved between March and April.

Team MNA.

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