In today’s meeting the finance minister outlined the stimulus package of 170000 crore Rs/- for the country during the time of fighting a serious pandemic COVID-19. Here is the summary of the package
- 50 lacs insurance cover for medics
- Money and pulses to be made available for poor
- 5kg rice/wheat per person free for 3m over and above for 80cr people
- 1kg pulses per household free
- Farmers, mnrega, divyang, jandhan, Ujwala, self help, organised sector workers, construction workers, district mineral fund are covered for this stimulus package
- Farmer – 2000 Rs immediately of the 6000 for the year
- Wage increase in mnrega by 2000 per year
- Old age > 60y – 1 time amount of 1000 Rs over 2 instalments
- Jandhan holders get 500 Rs per month for next 3 months
- Ujwala – 3m free cylinders
- Women self help groups – (deen dayal yojna) – collateral free loans doubled from 10 to 20 lacs
- Organised sector
- GOI will pay EPF contribution of 12% and 12% – for all those establishments upto 100 employees, 90% of whose employees earn less than 15000 per month
- PF regulations will be ammended to allow non refundable advance of 75% of PF or 3 months of wages whichever is lower for contingency
- Construction workers – give directions to state governments to utilise the construction welfare fund to provide for economic stability
- District mineral fund – will request state governments for supplementing and augmenting all kids of screening, testing and those things necessary for fighting the pandemic
