NEW DELHI :
To fight the financial impression of the 21-day nationwide lockdown on the poor, the Narendra Modi authorities right this moment introduced a ₹1.7 lakh crore Prime Minister Gareeb Kalyan Yojana. Finance minister Nirmala Sitharaman is now making the announcement at a press convention.
Nirmala Sitharaman press convention LIVE Updates:
-We’ve made provision in order that financial institution branches can open
-Constructing and building staff: Central authorities has given orders to state governments to make use of funds of Rs31,000 crore to offer reduction to them.
-The scheme comes into impact instantly. Individuals will get the advantages from April 1: Sitharaman
-EPFO to permit 75% non-refundable advance or three months of wages whichever is decrease: Sithraman.
-Ujjwala beneficiaries to get free cooking fuel (LPG) cylinders in subsequent three months; this can profit Eight.three crore BPL households: FM.
-Collateral-free mortgage doubled to ₹20 lakh to 63 lakh girls self-help teams; to impression 7 crore households.
-Authorities can pay EPF contribution, each of employer and worker, for three months for all these institutions with lower than 100 workers out of which 90% earn lower than ₹15,000 per 30 days.
-Direct profit money transfers will profit farmers, MGNREGA, poor widows, Pensioners & divyangs.
-An ex-gratia of ₹1,000 to three crore poor senior citizen, poor widows and poor disabled.
-Girls Jan Dhan account holders: They are going to get an ex-gratia quantity of ₹500 per 30 days for three months to run family throughout this era.
-Eight.69 crore farmers to be instantly benefited via Direct money transfers. Installment of ₹2000 within the first week of April shall be transferred: Nirmala Sitharaman
-Each MNREGA employee to get hike of ₹2,000: Sitharaman
-We announce a wage enhance in MNREGA. It would profit 5 crore households: Sitharaman.
-The bundle will impression 80 crore folks: FM
-No poor shall be with out meals in his hand for the subsequent three months: Sitharaman
-1 kg dal can even be given totally free: FM
-Prime Minister Garib Ann Yojna will be certain that each will get an extra 5 kg rice or wheat per 30 days along with the present scheme.
-Direct profit switch shall be part of the scheme: FM
-Well being staff to get medical insurance coverage cowl of ₹50 lakh
-We don’t want anybody to stay hungry: FM
– ₹1.7 lakh crore Prime Minister Garib Kalyan Yojna introduced.
-We’ve now include a bundle which is able to instantly deal with the welfare considerations and thse who want fast assist: Sitharaman
-FM presser begins.
-In Bihar, Chief Minister Nitish Kumar has introduced a ₹100 crore reduction bundle for the poor.
-The price of the COVID-19 lockdown has been pegged at ₹9 lakh crore or four% of the GDP, in keeping with a report by British brokerage Barclays.
-Sonia Gandhi has additionally urged the Centre to defer all EMI funds for six months.
-Congress interim president Sonia Gandhi has demanded that the Modi authorities should herald a Minimal Revenue Assure Scheme, ‘Nyay Yojana’, proposed by the Congress to sort out the financial impression of coronavirus.
-The financial bundle may be used to place cash instantly into the accounts of greater than 100 million poor and to assist companies hit the toughest by the lockdown, Reuters had reported earlier.
-A report by Nomura had stated that almost 75% of the Indian economic system shall be shutdown through the 21-day interval. The lockdown will result in a direct output lack of roughly four.5%.
-The bundle shall be centered on micro, small and medium enterprises (MSMEs) and each day wage staff in addition to injecting liquidity out there, ANI stated.
-Prime Minister Narendra Modi final week had constituted a activity drive headed by the Finance Minister to work out bundle for economic system hit by coronavirus.
-FM’s press briefing is anticipated to start out from 1 pm.