Categories: Business

Highlights of relief package part 2 announced by Finance Minister


Finance Minister

new Delhi. The government today announced the second part of the self-sufficient India package. In today's package, a total of 9 steps have been announced for migrant laborers, poor street vendors, small shopkeepers and small farmers. In which provision has been made from free ration to cheap loan. Know who got what in today's package

Migrant labor

For the convenience of stranded migrant laborers in other states, the government has announced 3 steps today. The Finance Minister announced that stranded migrant laborers who do not have any ration card in other states will be provided food grains free of cost for the next 2 months. About 8 crore migrants will benefit from this decision.

One country one ration card facility has been introduced in 20 states, so that migrant laborers will be able to get cheaper grain in any part of the country with their ration card. By March 2021, the scheme will be implemented across the country.

The government will launch affordable housing scheme for migrant laborers and urban poor. For this, vacant government houses in cities will be converted into Affordable Rental Housing Complex in PPP mode.

Street vendor

The government has announced a special credit facility of 5000 crore for those who live on street roads. This scheme will start in the next one month. In this, the vendor will get a loan of up to 10 thousand rupees to resume his work. If the vendor pays the money on time, he will be given further working capital loan. This will help about 5 million street vendors.

Small farmers

The Finance Minister has announced an emergency working capital fund of Rs. 30,000 crore for the farmers. This will help small and marginal farmers on concessional interest. With which they will be able to deal with the cash crisis for the preparation of the upcoming crop.

Small business

A provision of Rs 1500 crore has been made for Mudra Shishu loan. According to the Finance Minister, the lockdown has been impacted by small businesses under MUDRA. 3 months rebate has been given in installments by the Reserve Bank. However, the bank will have to pay interest for this period when the rebate is over. This provision has been made to deal with the difficulties in repaying interest. According to the Finance Minister, those who settle the debt early will get a discount of 2% in interest.


A provision of Rs 6000 crore has been made for employment using Compensatory Afforestation management and planning authority i.e. CAMPA fund. Schemes to be launched from this fund will be announced soon. These schemes will be related to afforestation and tree plantation, forest management, soil moisture conservation, forest protection, wildlife conservation in cities, which will generate employment in cities, villages and tribal areas.

Housing sector

The government has extended the credit linked subsidy scheme till March 2021. According to the government, this will benefit 2.5 lakh middle-income families. With this, the government hopes that 70 thousand crore rupees will be invested in the housing sector. At the same time, there is also an expectation of getting new jobs in the sector.

This post was published on May 14, 2020 7:09 pm

Content Team

Recent Posts

Former RBI Governor Raghuram Rajan expressed apprehension of increasing NPA, D Subbarao gave this suggestion to the government

Photo: GOOGLE NPAs may witness unprecedented increase in 6 months, says Raghuram Rajan new Delhi. Former Reserve Bank Governor Raghuram…

wipro q1 consolidated net profit flat at Rs 2390 crore

Photo: WIPRO Wipro q1 result new Delhi. Consolidated Net Profit of information technology company Wipro grew marginally to Rs 2,390.4…

YES Bank garners Rs 4500 Crore from anchor investor

Photo: PTI yes bank new Delhi. Private sector Yes Bank raised Rs 4,500 crore from anchor investors on Tuesday ahead…