The Government has recently unveiled the economic reliefs for migrant workers & small farmers under the 2nd Phase of Atmanirbhar Bharat Corona Relief Package.
The Government has announced the Atmanirbhar Bharat Special economic & comprehensive relief package of ₹ 20 lakh crores. The objective of this package is to give relief and credit support to different sectors of the economy badly hit by the COVID-19 lockdown. On 14th May 2020, Finance Minister Smt. Nirmala Sitharaman presented the 2nd phase of the Relief Package and announced economic reliefs for migrant workers & small farmers.
We shall discuss all those reliefs for migrant workers & small farmers.
#1. Free food-grains to migrant workers:
₹3,500 crores to be spent on providing free food grain to over 8 crore migrant workers, who don’t possess central or state PDS cards.
#2, One-Nation One-Ration Card:
The government will bring the One-Nation One-Ration Card scheme, under which all PDS ration cards will be made portable. This will allow the migrant workers to use their ration cards in all the Indian states. This scheme will be launched in August 2020, and 100% coverage is projected to be done until March 2021.
#3. MUDRA-Shishu loan assistance:
Under the MUDRA-Shishu loans, a total interest subvention of ₹1,500 crores shall be given to the poor, for up to ₹50,000 per head.
#4. Affordable Rental housing scheme for migrants:
The government will soon launch a scheme to provide affordable rental accommodation to the migrant workers. Such affordable rental houses shall be given at:-
- Already built houses
- Land owned by Private Companies
- State PSUs shall also build such houses.
#5. Reliefs for Street vendors:
Over 50 lakh street vendors shall get the Credit support of ₹5,000 crores, with the liquidity facility of ₹10,000/vendor. This will help the Street vendors to fulfill their basic requirements for their business such as stall equipment and their goods. However, with the Udyog Aadhaar MSME registration, these Street vendors can also get access to other government schemes.
#6. Extension of Affordable housing scheme:
The Government shall extend the affordable housing scheme till March 2021 for the middle-income group (MIG) families (with annual income between ₹6 lakh & ₹18 lakh).
#7. NABARD Assistance to Small Farmers:
The Government shall provide additional emergency working capital of ₹30,000 crores through the NABARD to the small and marginal farmers.
These are some key economic reliefs for the migrant workers & small farmers under the Atmanirbhar Bharat Corona Relief Package.
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