After supporting small business by offering liquidity, on Thursday finance Minister Nirmala Sitharaman announced measures to support migrant labour, farmers, poor and lower-middle-class people.
In the second tranche the government has given the lion’s share of assistance to farmer’s by offering Rs 2 lakh crore concessional credit to 2.5 crore farmers through the Kisan Credit Card. The Minister has approved an additional Rs 30,000 crore for the emergency working capital fund through Nabard, which is over and above the Rs 90,000 crore provided through normal refinance route.
The government would provide a working capital loan of Rs 10,000 each to 50 lakh street vendors who have been hit hard by the Covid-19 pandemic. She also announced a 2 per cent interest subsidy for Shishu loans given under Mudra lending.
Nirmala Sitharaman also announced ‘one nation, one ration card’ scheme to allow national portability of ration cards for the people, who can now avail the benefits under the PDS system wherever they are in the country. However, she said this scheme would be implemented across India by March next year.
Finance Minister Nirmala Sitharaman said “They will be given five kg of wheat or rice per individual, one kg of pulse, one kg of (chana) even if a migrant worker does not have a BPL card. This scheme is going to cost the government exchequer worth Rs 3,500 crore. This will reach through the state governments who will be the implementing agencies,”
The government Sitharaman announced a new affordable rental housing scheme for migrant workers under the Public-Private Partnership (PPP) model. “This will be implemented through the PM Awas Yojana. New housing complexes could be developed by private players, whom the government will incentivise,” Sitharaman said.
To give employment for tribal people, especially for Adivasis involved in forestry-related work Sitharaman has approved a package worth Rs 6,000 crore as Campa Fund
-Davinder Panesar, NMTV News