Published 14:15 IST, March 26th 2020

IMPORTANT: Here's the DBT cash-transfer portion of Centre's Rs 1.7 lakh cr Covid package

Finance Minister Nirmala Sitharaman on Thursday announced the Direct Benefit Transfer (DBT) of the economic package to tide over the impact of coronavirus.

Reported by: Manjiri Chitre
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Finance Minister Nirmala Sitharaman on Thursday anunced a relief pack for poor and affected persons due to dely Coronavirus. According to minister, pack is worth Rs 1.7 lakh crore, under Prime Minister Garib Kalyan Yojana. 

Sitharaman ded that government is looking at two aspects- cash transfer and food security-related issues. She said, "A pack is rey for poor who need immediate help like migrant workers and urban and rural poor. one will go hungry. government is working for those who are directly affected like migrants, labours, women."

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DBT cash transfer portion of pack entails following:

  • "Farmers get Rs 6,000 annually from PM Kisan Yojana. We will w give first installment as front-loed matter, which will give farmers Rs 2000 upfront, benefiting 8.7 crore farmers."
  • "In MGNREGS , which benefits 5 crore families, minimum w will increase to Rs 202 from Rs 182, and ensure 5 crore families get Rs 2000 increment"
  • For elderly poor, poor widows and disabled - we are giving ex-gratia of Rs 1000 one-time, which will benefit 3 crore, all via DBT
  • 20 Crore Women Jan Dhan holders will get ex-gratia of Rs 500 per month for next 3 months
  • Under Ujjwala Yojana, women to get free cylinders for 3 months, benefiting 8.3 crore BPL families.
  • For SHGs, we will give Rs 20 lakh collateral-free loan as opposed to earlier Rs 10 lakh, impacting 7 crore families
  • By Central act, re's a welfare fund for building and or construction workers, with Rs 31,000 cr fund, with over 3 crore registered workers. Will direct states to use se funds to assist workers in se sectors to protect m against any ecomic disruption.
  • govt will also pay EPF contribution of both employer and employee - 12% each - 24% - paid for next 3 months by govt of India.  For all those establishments that have up to 100 employees and 90% of whom earn less than Rs 15,000 per month.
  • govt said that organised sector workers will be able to draw 75% EPF or three months ws for contingency purposes, benefiting over 4 crore workers - n refundable.

 

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14:15 IST, March 26th 2020