COVID- 19 Battle

COVID- 19 Battle

  • To fight with the epidemic Finance Minister has suggested measures to augment the funds.
  • To deal with COVID-19 (Novel Coronavirus Disease) , the Finance Minister has suggested that District Mineral Fund should be utilized by the states.
  • Finance Minister also announced a package of 1.7 lakh crore under Pradhan Mantri Garib Kalyan Yojana.
  • The package is aimed at providing relief to urban poor, rural poor, migrant workers and women at the bottom of economic pyramid.
FInance Minister to deal with COVID-19

Overview

  • An insurance cover of ₹ 50 lakh per person will be provided to doctors and medical workers fighting COVID-19.
  • Free cylinders for the next three months will be provided to 8.33 crore families living below the poverty line.
  • Ex-gratia of ₹ 1,000 will be given to 3 crore poor senior citizens, disabled and widows.
  • For the next three months 5 kg wheat⟋rice and 1 kg preferred pulse will be provided to 80 crore poor people free of cost.
  • MGNREGA wage increased from ₹ 182 a day to ₹ 202 per day for 13.62 crore families.
  • ₹ 500 per month to be credited to 20.4 crore Jan Dhan women account for three months.
  • Under Pradhan Mantri KISAN yojana, government to front load ₹ 2000 in the first week of April to 8.7 crore farmers.
  • The state governments have also been directed to use Construction Workers Welfare Fund to provide relief to 3.5 crore registered workers.
  • Wage earners earning less than 15,000 per month in companies with less than 100 workers will get 24% of their monthly wage in their PF account for next three months.
  • Provision of free LPG for Ujjwala beneficiaries for three months.
  • Women Self Help Groups (SHGs) will get ₹ 20 lakh collateral free loans.

Examrace Team at Aug 23, 2021