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
♦What is the validity of the Test Package?
- COMPLETE ONLINE TEST SERIES PACKAGE FOR 1 YEAR. It will be valid till 31st Jan 2021.
3
