Details of the economic stimulus package for battling coronavirus times from FM Nirmala Sitharaman & BJP – India fighting COVID-19

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