Smt. Nirmala Sitharaman 14.05.2020 Press Meet Highlights #Atmanirbhar Bharat Part 2

Finance Minister Nirmala Sitharaman and Mr. Anurag Thakur today address the second tranche version of Atmanirbhar Bharat. Today’s Highlights are migrants workers, street vendors, small traders, self-employed people, small farmers.

The followings are the highlighted points on 14.05.2020 Atmanirbhar Bharat (part 2)-

Direct support to framers & Rural Economy Provided Post COVID: Around 3 crore farmers can avail the benefits of a 3-month loan moratorium of agriculture loans of Rs.. 4.22 lakh Crore. Moreover, interest subvention and prompt repayment incentive on crop loans, and dues were extended to 31st May from 1st March. Also, 25 lakh new Kisan Credit Cards were sanctioned with a loan limit of Rs. 25000 crore.

Liquidity Support to Farmers & Rural Economy Provided Post COVID: Around 63 Lakh loans of Rs, 86600 crore approval in Agriculture between 1.03.2020 to 30.04.2020. Moreover, refinancing of Rs. 29500 crore provided by NABARD to Cooperative Banks & Regional Rural Banks in March 2020.

Support for Migrants and Urban Poor during the last 2months: Government of India has permitted state Governments to utilize state Disaster Response Fund (SDRF) for setting up a shelter for migrants and providing them food and water etc. Moreover, Central Govt. also released Rs. 11002 crore of its contribution in advance to all states and 3rd April to augment foods in their SDRF.

Atmanirbhar-Bhatar-Bailout-Package-Details.

MGNREGS support to returning migrants: 14.62 crore person-days of work is generated till 13th MAY 2020, actual expenditure till date is around Rs. 10000 crores. This is 40-50% more persons enrolled compared to May Last year.

Labour Codes – Benefits for Workers: Presently minimum wages applicable to only 30% workers, therefore a Universalisation of right of minimum wages and timely payment of wages to all workers including unorganised workers will introduced. Appointment letter for all workers. This will promote formalisation. Health check-up for once in a year will be added and the occupational Safety & Health CODE will be Introduce.

Free Food Grain Supply to Migrants for 2months: Noncard holder ( neither NFSA or State Card) will get 5kg of grains per person and 1 kg Chana per family per month for months. About 8 crore migrants are expected to be benefited from this. Around Rs. 3500 crore will be spent on this intervention for 2 months which will be fully borne by Central Govt. However, state govt. will be responsible for implementation, identification and distribution to migrants in this matter.

Smt. Nirmala Sitharaman 14.05.2020 Press Meet Highlights #Atmanirbhar Bharat Part 2 1 » AssamCareer.Net

Technology Systems to be used enabling Migrants to access public distribution System (Ration) from any fair price shop in India by March 2021- One nation One Ration Card. By March 2021 100 % National Portability will be achieved.

Affordable Rental Housing Complexes (ARHC) for Migrant Workers/Urban Poor will be built. For this Govt will launch a scheme under PMAY for Migrant labor/ urban poor to provide ease of living at an affordable rent.

Govt. will provide relief Rs. 1500 crores Interest Subvention incentive on MUDRA Shishu loans. Around 3 Crore people will be benefited by this.

Street Vendors: Govt will provide Rs. 5000 Crore special credit facility, to adverse to impact on the livelihoods of the street vendors ( like street food thela, vegetable sellers, etc) due to COVID 19.

Credit Linked Subsidy Scheme: Govt will extend the CLSS scheme up to March 2021, which was operationalized from May 2017. Also, the Govt will invest Rs. 7000 crore boost to the housing sector and Middle Income Group ( Annual Income Rs. 6 -18 lakhs) will be benefited by this. This will also stimulate demand for steel, cement transport, and other construction materials and also create jobs.

CAMPA Funds will be boost by Rs. 6000 crores which will create job opportunities for Tribals/ Adivasi.

Govt will provide Rs. 30,000 Crores additional Emergency working capital funding for farmers through NABARD, to meet post-harvest (Rabi) & current Kharid Requirement in MAY/JUNE.It will be benefited around 3 crore farmers.

Nearly 2 Lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards. Fisherman and Animal Husbandry farmers will also be included in this drive.

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