Economic package second tranche: Highlights of Finance Minister Nirmala Sitharaman’s press conference today


Finance Minister Nirmala Sitharaman on Wednesday announced the first tranche of a mega economic package aimed at uplifting the economy affected by the nationwide lockdown to stop the spread of coronavirus. The FM today announced the second tranche of
next set of measures.  Below are the highlights of today’s press conference.

Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards: FM

To create job opportunities for tribals /adivasis -plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds: FM

NABARD to extend additional re-finance support of Rs 30,000 crores for crop loan requirement of Rural Co-op banks and RRBs: FM

Government to extend the Credit Linked Subsidy Scheme (CLSS) for middle income group (annual income Rs 6-18 lakhs) up to March 2021; 2.5 lakh middle income families to benefit during 2020-21: FM

Government to support nearly 50 lakh street vendors with Rs 5000 crore Special Credit Facility: FM

Government of India will provide interest subvention of 2% for prompt MUDRA-Shishu Loans payees for a period of 12 months; Relief of Rs 1500 crores to MUDRA-Shishu loan payees: FM

Govt to launch a scheme for affordable rental housing for migrant workers/urban poor to provide ease of living by converting govt funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire: FM

One Nation One Ration Card will be implemented- 67 crore beneficiaries in 23 states covering 83% of PDS population will be covered by national portability by August 2020: FM

Free food grains supply to all migrants for the next 2 months. For non-card holders, they shall be given 5kg wheat/rice per person & 1 kg chana per family/month for 2 months. 8 crore migrants will benefit- Rs 3500 crores to be spent on this: FM

12,000 self-help groups (SHGs) have produced more than 3 crore masks and 1.2 lakh litres of sanitizers during #COVID19 period. 7,200 new SHGs for urban poor have been formed during the last two months: FM

We have already generated 14.62 crore person-days of work till 13th May, which is 40-50% more persons enrolled as compared to last May. Migrant workers going back to their states being actively enrolled: FM

Govt has permitted state govts to utilise SDRF for setting up shelter for migrants&providing them food&water etc…We are conscious, we are attending to the migrants and giving them in various different ways: FM

Interest subvention and prompt repayment incentive on crop loans due from 1st March has been extended to 31st May: FM

Today’s initiatives focuses on migrant workers, street vendors, small traders, the self-employed & small farmers: FM Nirmala Sitharaman


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