Business India

Highlights of 2nd tranche of eco stimulus package by Finance Minister Nirmala Sitharaman

Sitharaman mentioned migrants several times in her address and pointed out that many of the facilities being extended to them by the states were actually bankrolled or facilitated by the Centre.

“The government is not sitting idle. It has kept in mind and prioritised migrant workers. If I have not spoken about something, it is not as if the government has not planned for it. It will be there in the next package,” said Sitharaman.

Highlights:

Finance Minister Nirmala Sitharaman says 2nd tranche of eco stimulus package to benefit migrant workers, street vendors, small farmers.
3 crore marginal farmers have already availed Rs 4 lakh crore of loans on concessional rates, says FM
63 lakh loans approved in the agriculture area
25 lakh new Kisan Credit Cards issued with a loan limit of Rs 25,000 crore
Rs 4200 crore allocated for rural infrastructure
7,200 new SHG groups formed for urban poor in the last two months: FM
Rs 11,000 crore given for migrants, urban poor: FM
Legitimate concern about migrants going back to their states. Increase in average wage rate from Rs 182 to Rs 202, was announced earlier: FM
14.62 person-days of work generated till May 13, says FM
Migrant workers are being actively enrolled under MGNREGA in their home states, says Sitharaman.
Plan to continue MGNREGA projects in monsoon season
Planning to introduce a national floor wage concept, to remove the wage disparity between states: FM
Social security schemes for works in unorganised sector
Other ideas in pipeline include: A definition of inter-state migrant workers, safeguards for night duty for women workers
Free foodgrain supply to all migrants for the next two months: FM. Rs 3,500 crore will be spent by the Centre for this, state government will implement the scheme.
‘One nation, one ration’ card to be introduced. This would enable national portability of ration. Ration cards can be used at any ration shop in any part of India through this.
Affordable rental housing accommodation and complexes to be constructed through PPP mode: FM. Urban poor and migrants will be able to afford housing through this, says FM.
Govt to launch affordable rental housing scheme for migrant workers, says FM
FM announces Rs 1,500 cr interest subvention for MUDRA-Shishu loans of up to Rs 50,000
50 lakh street vendors to be given Rs 5,000 cr, says FM announcing relief to vendors hit by lockdown
Affordable housing scheme for middle income families with Rs 6 lakh to Rs 18 lakh annual income to be extended till March 2021: FM
Rs 30,000 crore additional emergency working capital fund to be provided through NABARD to small, marginal farmers: FM. With agency inputs

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