Thursday, 26 March 2020

Synopsis of Finance Minister’s Speech on Thursday, 26th March 2020, 13:00


1. Rs. 50 Lakh Insurance Cover for Doctors, Sanitation Worker, Para Medical Staff

2. Food Benefits
Pradhan Mantri Garib Kalyan Anna Yojana (80 Crore people)
- Additional 5 kg wheat or rice free for next three months
- Additional 1 kg of pulse free for next three months
- Can be taken in two instalments
- Package costing 1.70 Lakh Crore

3. Direct Benefit Transfer

- Farmers – Rs. 2,000 in April 1st Week (8.70 Crore Farmers will get this benefit)

- MANREGA – Increase in Wages Rs. 2000 per person (5 Crore Families)

- Poor Widows, Pensioners, Divyangs – Ex-gratia Rs. 1000 in two instalments (3 Crore senior citizen, poor widows and poor divayang)

- Woman having Jan Dhan Yojana – Ex-gratia of Rs. 500 per month for next three months (20 Crore Women)

- Ujwala Scheme – Free cylinders for next three months (8.3 Crore BPL Families)

- Woman Self Help Groups – Loan upto Rs. 20 Lakh without collaterals (7 Crore household)

- Organised Sector Workers
- Government will pay EPF Contribution for Employer and Employee for next three months (For establishment having upto 100 employees and of these 100 employees, 90% employee earn less than Rs. 15 Thousand)
- Non Refundable EPF Withdrawal allowed upto 75% of their balance or 3 months’ wages, whichever is low) (4.8 Crore workers will get benefit)

- Construction Workers - Instruction to State Governments for using Labour Welfare Fund which has Rs. 30K Crore (Benefit will flow to 3.5 Crore registered workers)

- District Mineral Funds - Request to State Government to use District Mineral Funds

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