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FM ANNOUNCED SPECIAL RELIEF AND CREDIT SUPPORT TO WORKER & FARMER DT. 14.05.2020

FM announced Special relief and credit support to Worker & Farmer dt.  14.05.2020

आत्मनिर्भर भारत अभियान -II  (Self-Reliant India Movement -II)

Key Highlights:

Today’s initiatives include a total of 9 measures:

1. Interest subvention for loans to farmers, normally given for prompt repayment, further extended to May 31, 2020

2. Rs. 3 crore marginal farmers had received loans worth ₹ 4 lakh crore at low rates. They were also given a moratorium by RBI

3. 25 lakh new Kisan Credit Card sanctioned with a loan limit of Rs. 25000 Crore.

4. Liquidity Support to #Farmers & Rural Economy provided post #COVID19 as part of #Aatma Nirbhar Bharat Package :

5. support for #Migrants & Urban Poor:

6. Support for Migrant and Urban Poor during last two months:

7. MANREGA supports to returning Migrants

8. Liquidity Support to Farmers and Rural Economy provided post COVID19

9. Government Committed to the welfare of Workers’:

10. Extending EPF Support for business and organised workers for another 3 months for salary months of June, July and August 2020 – will provide liquidity for workers in MSME and other Businesses

11. Migrant Workers / Urban Poor to have Affordable Rental Housing Complexes (ARHC): Government will launch a scheme under #PMAY

12 for Migrant Workers:

13. Free Food Supply

14. We have made adequate provisions to ensure that returning migrant workers needing work will be engaged, states and UTs have been asked to provide them work as per provisions of MNREGA Act.

15. #One Nation One Ration Card

16. Government to support nearly 50 lakh street vendors

17. Mudra – Shishu Loan

18. Government to extend the Credit Linked Subsidy Scheme  (CLSS)  up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21

19. Affordable accommodation for migrants and urban poor will be provided through:

20. Compensatory Afforestation Management & Planning Authority (CAMPA) Funds

To create job opportunities for Tribals /Adivasis -Plans worth Rs 6000 crores to be approved shortly

21. Rs 2 lakh crore concessional credit will be initiated that will benefit 2.5 crore farmers

Source: News  / Press Conference & Twitter

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