Nirmala Sitharaman Declares 1.7 Lakh Cr Economic Relief Package

Date:

On Thursday, Finance Minister Nirmala Sitharaman addressed the country and announced a 1.7 lakh crore economic relief package for those who suffered in the Coronavirus outbreak. The launch of ‘PM Gareeb Kalyan’ scheme aims to reach out and deliver aid to the poorest. 




The government has been working so that those affected due to the novel coronavirus since the lockdown commenced on the intervening night of 24-25 March, will be reached out. We have come up with a package that will take care of the welfare concerns of the poor,” said Nirmala Sitharaman.

The following are the prominent lookouts in the conference.

  • The ‘Prime Minister Gareeb Kalyan Scheme’ provides the Ujwala scheme which accounts for the 8.3 crores BPL families in the country. The project aims to deliver cash transfers and prevent food insecurities. Under this, the families are entitled to free gas cylinders for the next 3 months to cover the shortages in cooking.
  • 80 crore poor citizens are to be provided with 5 kg of pulses for free. Currently, they are entitled to 5 kg of wheat/rice per person. Now, a total of 10 kg of pulses they can expect. Additionally, 1 kg of pulses, as per the regional preference, is to be provided. They can take it in 2 installments in the next 3 months.




  • Added in the ‘Prime Minister Gareeb Kalyan Scheme’, provision of Rs 50 lakh insurance per health care worker as medical insurance is announced for the coverage of 3 months. Also, the scheme will include cash transfers to the poor and the migrants.
  • A total of 8 specific groups: Farmers, MGNREGA beneficiaries, poor widows, poor divyang, Women having Jan Dhan Yojana accounts and Women under the Ujjwala Yojana, Women engaged in SHGs, Women under EPFO and daily construction workers are to be helped with cash deposits and installments.
  • Central Govt has requested the State Govt to use ‘District Mineral Funds’ to exercise medical testing and screening of patients in a clean hospitable environment. Also, State governments are to be directed under ‘Buildings and Other Construction Workers’ Fund to utilize an existing Rs 31,000 crore welfare fund to provide aid to 3.5 crore construction workers.




  • The government assured the regulation of EPF (Employee Provident Fund). Workers can withdraw 75% non-refundable amount in advance from Credit to PF accounts or the next 3 months’ salary, whichever is lesser. Central Govt will contribute 24% in EPFO contribution for the next 3 months. This accounts for 12% for the employer and 12% for an employee for firms with over 100 employees who earn less than Rs 15,000.
  • Twenty crore women having Jan Dhan account holders will be provided Rs 500 exgratia amount for the next 3 months. This aims to benefit the 63 lakh self-help groups for women, covering 7 crore households in India. Collateral-free loan amount doubled to Rs 20 lakh to increase hard cash.
  • Three crore old citizens, pensioners, and Divyang are authorized one additional amount of Rs 1000 in 2 installments for the next three months, through DBT for transparency.
  • Food packets for migrants and workers so that no one will go hungry.

The novel Coronavirus, COVID-19 has forced top economies in the world to a shutdown. According to the Health Ministry, India has observed 649 positive cases of the virus and 13 death cases.




Recently, 21 days lockdown has been authorized in the country to fight against the spread. Stay safe & healthy, take appropriate precautions and update regularly.

ALSO READ: WHO to launch whatsapp chatbot to Fight against Coronavirus

Related articles

Coronavirus Was Already Predicted, Know How and When

Coronavirus is currently the most talked topic in the world. The Spread of deadly germs, from one person...

Shah Rukh Khan, Katrina Kaif Test Positive for Covid-19: Is this the after effect of KJO’s Birthday Bash?

Shah Rukh Khan and Katrina Kaif have joined the list of several Bollywood superstars who have tested positive...

Now you can book your Covid Vaccination slots via WhatsApp. Here’s how you can do that

Now you can book your Covid Vaccination slots via WhatsApp. The process of booking a slot for the...

Growth of Digital Voice Technology During Pandemic

Amid the Coronavirus outbreak, voice technology has taken a step ahead, the parameter of social distancing and touching...

Highlights From The Ayodhya Ram Mandir Bhumi Pujan Ceremony

The supporters of Ram Mandir throughout the country became a prime witness of the foundation of the temple...

COVID-19 Vaccine Cost Rs. 250 per Shot in Private Hospitals

On Saturday, The Union Ministry of Health and Family Welfare finalized and fixed COVID-19 vaccine cost, and this...

Updated List of All The Exams Cancelled, Postponed and Rescheduled due to Covid-19

Several recruitment exams, university-level exams, state-level board exams, and entrance exams have either been canceled or postponed due...

Covid-19 Vaccine To Release Soon In India Says The Government

The cure for covid-19 may be introduced soon for every Indian household, as the Union Health Ministry has...