Many sectors are getting affected by the prolonged lockdown and the deadly coronavirus. Some sections got affected badly by drawn-out lockdowns, such as migrant workers and street vendors. Due to the pandemic, the government has given major relief to urban poor and migrants. Finance Minister Nirmala Sitharaman announced the second tranche of measures on 14th May, majorly focused on feeding the poor, migrants, farmers, and street vendors.
Announcing steps to ease the pain of the loss of livelihoods, Sitharaman said whose livelihoods were affected on account of the lockdown can use this facility.
The details of the second tranche of 20 lakh crore package announced by FM Nirmala Sitharaman are as follows;
- All the migrants will get free food grains for the next 2 months. And the non-cardholder will also get 5kg rice/wheat & 1kg chana per family for 2 months.
- “One nation one card” will be implemented by August 2020. Using this card people can get benefit from this card sitting in any corner of the nation.
- To build an affordable house, a rental housing scheme will be incentivized and under PM Awas Yojana, converting government housing into rental housing
Shishu loans under MUDRA
- Relief of Rs 1500 crore to MUDRA Shishu loan borrowers and Rs 1500 crore interest subsidy for MUDRA Shishu loan category
- Indian government shall provide an interest discount of 2% for fast recipients for 12 months.
- Rs 5,000 crore special credit facility for street vendors which will benefit around 50 lakh street vendors across the country.
- They will also receive an initial working capital up to Rs 10000, within a month to resume their business.
- 70,000 crore boost to housing sector & middle income group through the extension of Credit Linked Subsidy Scheme (CLSS) by extending the scheme till March 2021.
- Rs 6000 crores towards employment tribals using Compensatory Afforestation Management & Planning Authority (CAMPA) Funds. This will create Job opportunities in Urban, Semi-urban & rural areas for Afforestation & plantation works.
- 30,000 crore additional emergency working capital funding for farmers by NABARD. While 90,000 crore has already been sanctioned by NABARD, an additional Rs 30,000 crore will be pushed into this.
- Farmers holding Kisan Credit Cards will be provided a concessional Credit boost amounting to Rs 2 lakh crore. Fishermen & Animal husbandry farmers will also be included in this and 2.5 crore farmers will benefit from this.