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In the 2nd Tranche of Economic Relief Migrants, farmers Majorly Assisted

second tranche of economic relief

After the first relief announcement for the MSMEs, Discoms and real estate, the second announcement was made by the government, whereby relief has been provided for migrants, small farmers and other few sectors that are essentially marginal in nature.

Finance Minister Nirmala Sitharaman also clarified that there are more reliefs to these segments that may come in near future. The Finance Ministry highlighted how the already existing measures have helped millions of people during the Corona period, including the migrants and farming sector, and the new relief measures will build up on this support.

For Migrants

Free food grains shall be supplied to all migrants for the next 2 months. Even non-card holders shall be given 5kg wheat/rice per person & 1 kg chana per family/month for 2 months. It is expected to benefit 8 crore migrants, with an outlay of ₹3,500 crores to be spent on this.

‘One Nation One Ration Card’ shall be implemented fully by March 2021, so that the migrant labourers can avail ration in any part of the country.

Migrant Workers/Urban Poor shall be able to get access to affordable rental accommodation in the near future in Affordable Rental Housing Complexes under a scheme to be launched under PMAY.

For MUDRA Shishu Beneficiaries

Government of India will provide Interest subvention of 2% for prompt MUDRA-Shishu Loans payees for a period of 12 months. Relief of ₹1,500 crore shall be extended this way to MUDRA-Shishu loanees who have borrowed ₹1.62 lakh crore.

For Street-vendors

Government shall provide support to nearly 50 lakh street vendors through a ₹5,000 cr Special Credit Facility meant exclusively for them, with loan ticket sizes starting at ₹10,000. The scheme will be launched within a month.

On Housing, for middle-income groups

Government will extend the Credit Linked Subsidy Scheme provided under the PM Awas Yojana up to March 2021. This is expected to give benefit to 2.5 lakhs middle income families during 2020-21.

For Tribal Welfare

₹6,000 crores worth of plans shall be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds which will create job opportunities for tribal workers. At a time when the South-West Monsoon is around the corner, this will come in handy.

Help to Farmers

₹30,000 crores Additional Emergency Working Capital Funding through NABARD which will benefit around 3 crore farmers shall be mobilized over and above the ₹90,000 crore refinancing provided to the mostly small and marginal farmers. Additionally, ₹2 lakh crore worth of concessional credit boost has been announced to support 2.5 crore farmers via the Kisan Credit Cards, and fishermen and Animal Husbandry farmers will also be included under this scheme.