Nirmala Sitaraman Photograph:( ANI )
To combat the economic impact of the 21-day nationwide lockdown on the poor, the Narendra Modi government today announced a Rs 1.7 lakh crore Prime Minister Gareeb Kalyan Yojana.
In the backdrop of coronavirus outbreak and subsequent lockdown, the Centre has come up with a Rs 1.70 lakh crore relief package for the daily wage earners, women workers and migrant workers as the country remains in a 21-day lockdown period.
"A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.70 lakh crore," said Union minister.
India’s #Covid19 Relief Package | ₹1.70 lakh crore package announced by @nsitharaman— WION (@WIONews) March 26, 2020
+ State govt’s advised to use State Mineral funds
+ 5 crore MNREGA families to get additional ₹2000
+ New NRLM loans to be collateral free
+ PF Scheme to be amended
The finance minister had already announced some measures on Tuesday that included an extension of tax deadlines, easing minimum balance norms for the savings account, and increasing threshold of insolvency filing to Rs 1 crore from Rs 1 lakh.
Here are the highlights of the stimulus package announced by the government:
India has entered Day 2 of the 21-day nationwide lockdown over the highly contagious Covid-19, which has infected over 650 in the country. Today, leaders of G20 nations will hold a summit via video conference to discuss measures to protect the global economy amid the coronavirus pandemic, which has so far claimed 21,200 lives globally and infected 471,363.