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FM Announces Rs 1.7 lakh Crore Relief Package

Direct Cash Transfers to Help Workers and Poor

To give relief to the needy amid Coronavirus crisis, Modi government has announced a whopping Rs 1.7 lakh Crore package.

Nirmala Sitharaman Union Finance Minister and Anurag Thakur MoS Finance addressed a press conference to give details of the Big Rs 1.7 lakh crore relief package announced by Modi government.

A package is ready for the poor who need immediate help like migrant workers and urban and rural poor.No one will go hungry.The package is worth Rs 1.7 lakh crore.

Economic stimulus finalized to deal with impact of Corona lockdown.

Rs 50 lakh per person insurance cover for doctors, paramedic,healthcare workers dealing with Coronavirus outbreak.

There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period.

Pradhan Mantri Gareeb Kalyan Ann Yojna for next 3 months 80 Cr poor people covered 2/3rd of India’s population,in addition to already allotted 5Kg of Rice/Wheat per person,an additional 5kg will be free.Additional 1kg pulse (according to regional preference) will be given

8.69 Crore farmers to be immediately benefited through Direct cash transfers.Installment of Rs 2000 in the first week of April will be transferred.

Wage increase in MGNREGA 5 Crore families benefited,an increase of Rs 2000 per worker on average as additional income.

Self Help Women Groups 7 crore houses holds covered,collateral-free loans doubled to 20 Lakh,to increase money in hand

Ujjawala scheme near 8.3 Crore BPL families covered in this,so that no running short of cooking medium,for 3 months free cylinders.

Old age, Divyang, pensioners 3 crore people covered,one-time amount of additional Rs 1000 in two installments through DBT over 3 months to be given.

20 Crore Jan Dhan Women account holders covered Ex Gratia amount of Rs 500 per month for the next three months.

Govt of India will pay the Employees Provident Fund contribution,both of employer and employee,put together it will be 24%,this will be for next 3 months.This is for those establishments which have upto 100 employees and 90% of them earn less that 15,000.

Govt ready to amend the regulation of EPF due to this pandemic so that workers can draw upto 75% non-refundable advance from credit in PF account or 3 months salary, whichever is lower.

Welfare for building and construction workers,registered 3.5 Crore workers to be benefited,Central Govt has given orders to State Govts to use fund Rs.31,000 Crore to provide relief.

Workers to be allowed to draw non-refundable advance of 75% from credit in PF account or 3 months salary,whichever is lower.

Govt to pay employee,employer contribution to PF for 3 months for establishment with 90% of staff with Rs 15,000 wage.

Collateral-free loan doubled to Rs 20 lakh to 63 lakh Women self-help groups, to impact 7 crore households.

20 Cr women Jan Dhan Account holders to get Rs 500 per month for next three months to help them run their households.

Rs 1.7 lakh Crore economic package will be implemented with immediate effect, cash doles from April 1.

An Ex-Gratia of Rs 1,000 to 3 Cr poor senior citizen,poor widows and poor disabled.

District Mineral Fund,Central Govt to request State Govts to use this fund to augment medical testing and screening and providing health attention.

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