In-depth: The announcements made by the Finance Minister
New Delhi, May 14: The focus of the Finance Minister, Nirmala Sitharaman today was on the migrants, farmers and poor.
Today's initiative focused on migrant workers, street vendors, small traders, self-employed people, small farmers. Among the 9 measures -- 3 were related to migrant workers, 1 for street vendors, small traders, self-employed people, 2 on small farmers and 1 on housing.
Lets us take a look at the announcements in-depth:
Direct support to farmers
Direct Support to Farmers & Rural Economy provided post COVID19
Liquidity support for farmers
Liquidity Support to Farmers & Rural Economy provided post COVID19
Support for migrants
AatmaNirbharBharatPackage provides support for Migrants & Urban Poor
Labour codes
'Government Committed to the welfare of Workers'
More on labour codes
labour codes- Benefits of workers
Benefits for workers
Labour code: Benefits for workers
Mudra-Shishi loans
Relief of Rs 1500 cr to MUDRA-Shishu loanees
Affordable rental housing
Migrant Workers / Urban Poor to have Affordable Rental Housing Complexes (ARHC)
Free food grains
Free Food grain supply to Migrants for 2 months
One nation one ration card
'One Nation One Ration Card' by March 2021
For the street vendors
Rs 5000 cr Special Credit Facility for Street Vendors;
Housing sector
Government to extend the Credit Linked Subsidy Scheme CLSS up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21
Campa funds:
Rs 6000 crores to be approved shortly under CAMPA Funds
Capital funding for farmers
Rs 30,000 crores Additional Emergency Working Capital Funding through NABARD
Concessional credit
Rs 2 lakh crore Concessional credit boost to 2.5 crore farmers through Kisan Credit Cards