Nirmala Sitharaman Second tranche announcements: Highlights

Nirmala Sitharaman Second tranche announcements: Highlights

♦6 Sector Focus

  • 3 steps for migrants
  • 1 for shishu loan within mudra
  • 1 for street vendors
  • 1 for housing
  • 1 for the employment for tribals
  • 2 for small farmers

♦For urban poor, including migrants

  • Rs 11,000 crores by the Centre sent to states to to set up shelter for migrants and provide food and water
  • 7200 new SHGs have been formed for the urban poor since March 15

Free food grains for migrants for next 2 months

  • This will benefit 8 crore migrants; Central govt to spend Rs 3,500 crore on this
  • For non-ration card holders, free 5kgs per family of wheat/rice and 1 kg chana
  • State governments to be in charge of this initiative

One nation, one ration card

  • Now card-holders can be used in any ration shop in any part of the country
  • 63 crore beneficiaries in 23 states will get covered by August
  • 100% coverage by March 2021

♦Affordable rent for urban poor

  • Govt to launch, under PM Awas Yojana, a rental housing scheme
  • Incentivising manufacturing units to build on their private compounds
  • Use empty government land to build more housing
  • PPP mode through concessionaire arrangement

♦Shishu loan within mudra

  • Interest subvention support of 2% extended to all shishu loan holders (loans up to Rs 50,000)

♦For street vendors

  • Special credit facility of Rs 5,000 crores for 50 lakh vendors
  • To be launched within a month
  • Initial working capital of up Rs 10,000

♦Affordable Housing

  • Credit link subsidy scheme extended up to March, 2021
  • For the lowest strata of middle-income groups (income of up to 6-18 lakh/annum)
  • This will construction services and demand for building materials
  • 3.3 lakh families have benefited till now
  • 2.5 lakh more can now avail the benefits

♦Employment creation under CAMPA

  • Proposals worth Rs 6,000 crore have been received by Centre
  • Focused on employment for adivasis and tribals
  • For forestry related work

♦For small farmers

On tap’ based funding

  • Additional Rs 30,000 crore to be released via NABARD for Rabi-related work and preperatory work for Kharif

Kisan Credit Card

  • Rs 2 lakh crore concessional credit will be extended to 2.5 crore farmers who don’t have the card
  • Fisherman and animal husbandry workers to also be included

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