Coronavirus impact: Centre to provide Rs 170000 crore relief package

Darnell Taylor
March 26, 2020

Addressing the media amid the 21-day coronavirus nation-wide lockdown, Sitharaman said that this scheme will be available for establishments which have upto 100 employees and 90 per cent of them earn less that 15,000.

She said the government will contribute 12% from the employee and employer side to the PF, for firms having less than 100 employees.

Bundled under the PM Gareeb Kalyan Scheme, the Covid relief package comprises cash transfers as well as food security which would be implemented from April 1, Union Finance Minister Nirmala Sitharaman said here.

The Prime Minister Gareeb Kalyan Yojana (Food Scheme) to provide 80 crore people, 5 kg of wheat/rice in addition to what they are getting.

Insurance cover of 50 lakh rupees per person to for health professionals, the frontline CoronaWarriors - ASHA workers, paramedics, doctors, nurses, sanitary workers - who are putting their lives at risk & treating Coronavirus patients for three months. The Government of India will be spending Rs 40,000 crore spent for this objective.

The minister said the government will front-load Rs 2,000 payment to farmers in the first week of April under the existing PM Kishan Yojana to benefit 8.69 crore farmers. In addition, they will also get 1 kg of pulses of their choice for free. MNREGA wages will be increased to Rs 202 a day from Rs 182 to benefit 5 crore families with an expected wage increase of about Rs 2,000 per worker.

Women Jan Dhan account holders will get ₹500 per month for next 3 months through direct transfer.

Prince Charles Has Tested Positive for Coronavirus
This week, Health Secretary, Matt Hancock said people can go to work if they are unable to do so from their homes, reports BBC . Prince Charles' last public engagement was also March 12 when he attended a London fundraiser for Australian wildfire relief.

Rs 5,000 crores is being provided for this objective.

This will benefit approximately 13.62 crore families.

Employees' Provident Fund Regulations will be amended to include pandemic as the reason to allow non-recoverable advance of 75 percent of the amount or three months of the wages, whichever is lower, from their accounts.

"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". This will benefit about 7 crore households.

This scheme will benefit 4.8 crore workers registered with EPFO (Employees' Provident Fund Organisation), she added. They should also not remain without money in their hands, " she explained.

For women who are part of Self Help Groups (SHGs), the government is doubling the collateral-free loans given under Deen Dayal Yojana to Rs 20 lakh.

Other reports by

Discuss This Article