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Nirmala Sitharaman today announced the second tranche of the Rs 20 lakh crore package from the Center.
New Delhi:
Union Finance Minister Nirmala Sitharaman today unveiled the second tranche of the Center’s 20 rupee lakh crore fiscal stimulus, which seeks to address the issue of food, shelter and livelihoods for migrant workers, street vendors and small farmers. The immediate relief measure announced was extra grain. A universal, portable ration card that can be used nationwide and an affordable rental housing plan are also in the making. “There is a legitimate concern about migrants returning to their home states. We are serving migrants,” the minister said amid growing opposition criticism that the Center ignores the plight of migrant workers. For farmers, the minister announced a Kisan card. Provisions have been made for street and tribal vendors.
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Nirmala Sitharaman said that what the government is currently giving will continue and that it will also be given additional food grain. In addition, those without a ration card can take advantage of 5 kg of rice or wheat and 5 kg of chana per family. This will benefit approximately Rs 8 million and the government has allocated Rs 3,500 crore for this. “This will be enacted by state governments and will be valid for the next 3 months,” he added.
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Mrs. Sitharaman will complete the current “One Nation, One Ration Card” scheme, whereby anyone, regardless of where they are, can take advantage of the ration. “The One Nation One Ration card has already been deployed 83 percent so far, and it will be 100 percent by March 2021,” he said, adding: “This will ensure that people get their right ration anywhere. of the country in which they are located. “
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Under PM Awas Yojana, a scheme for rental housing will be initiated, where institutions and associations will be asked to provide affordable housing at their facilities. The government will also make provisions for affordable housing for the urban poor, workers and migrants in all states and UTs, to be built under a public-private partnership.
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For people earning between Rs 6 lakh and 18 lakh, a scheme of Rs 70,000 crore for subsidized housing is being developed. “We are now offering a one-year extension of the scheme, from March 2020 to March 2021. This had already benefited 3.3 lakh families. The 1-year extension will benefit another 2.5 lakh families and will generate demand in the living place”. said the minister.
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Ms Sitharaman also announced a Rs 5 billion special credit line benefit for street vendors, to be launched within a month. Beneath it, a vendor can take advantage of a loan of Rs 10,000 and will benefit 50 lakh street vendors. A crore fund of Rs 600 to boost the work of the tribal sector.
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Those who need loans below Rs 50,000 will have an interest subversion rate of 2 percent. This will benefit approximately 3 million people who benefit from the “MUDRA SHISHU” category. The overall profit for them will be Rs 1,500 crore.
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The Kisan credit card, intended for farmers, will be extended to fishermen and animal husbandry workers. It will also cover around 2.5 million crore farmers who do not yet have it under the Rs 2 lakh crore scheme. For small and marginal farmers, an additional fund of Rs 30,000 crore will be added to the existing Rs 90,000 crore under NABARD. This will help especially in the Rabi season and will benefit 3 crore producers, the minister said.
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On Tuesday, Prime Minister Narendra Modi announced a cumulative package of Rs 20 lakh crore to provide relief to various segments amid the financial crisis caused by the coronavirus outbreak. This included the 1.7 rupee lakh crore rupee package announced in March for the poor and the 5.6 rupee lakh crore rupee stimulus provided by the Reserve Bank of India through various monetary policies. The rest of the package is advertised in installments. Yesterday, Ms Sitharman presented the first tranche, which included a Rs 5.94 rupees lakh crore plan for MSMEs and others,
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The Center has received criticism from the opposition since Prime Minister Modi announced the package. Most opposition parties, including Congress, the Left, the DMK, and the Trinamool Congress, have wondered why migrant workers, who have been desperate to return home because their incomes were depleted overnight in the morning, they are repeatedly ignored.
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The long line of migrants who trudged along the roads, carrying their young children and their few belongings, were among the most moving images of the running of the bulls. Even after the Center began operating special trains, its situation did not improve. Many began trips of hundreds of kilometers in trucks, tempos, and even three-wheelers. Some never made it home.
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