Synopsis of Finance Minister’s Press Conference on 26.3. 2020

Circular No.ES/290/2019-20                                      28th March, 2020

 

To: Members of the Council

 

Sub.: Synopsis of Finance Minister’s Press Conference on 26.3. 2020

Dear Member, 

 We would like to inform you that the Hon’ble Finance Minister, Smt Nirmala Sitharaman in a Press Release on 26th March, 2020 has announced a relief package to fight the economic stress from the COVID-19 virus.

 

A synopsis of the announcements is given below: -

1.     Insurance Cover

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 Rs. 1.70 Lakh Crore

3.     Direct Benefit Transfer

Farmers 

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

 

MNREGA

  • 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

Members may kindly make a note of the above. 

 Thanking you,

 

Yours faithfully,

  

S. BALARAJU

EXECUTIVE DIRECTOR

 

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