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Coronavirus Economic Relief

Coronavirus Economic Relief

Coronavirus Economic Relief

The lockdown of India commenced on 25th March 2020. The Government has now worked to provide relief for various disadvantaged sections of the society with a 1,70,000 crore scheme.

50 Lakh Medical Insurance Cover

The Government will provide a Rs.50 lakh medical health insurance cover for all healtcare workers in the frontline of the battle against Coronavirus. This cover will be applicable for all Doctors, Nurse, Santiation Workers and others in the frontline helping Coronavirus patients.

Pradhan Mantri Garib Kalyan Yojana

Under the Pradhan Mantri Anna Yojana, 80 crore people are being provided with 5 KG of wheat or rice every month. Now, 5 KG of additional wheat or rice will be provided for the next 3 months for free. In addition, 1 KG of pulse will also be provided for each household for free over the next 3 months.

Support for Farmer

Farmers are currently receiving Rs.6000 annually under PM Kisan Yojana. Their first installment will now be released benefiting 8.6 crore farmers.

Manrega

Manrega will benefit 5 crore families. Wage rate is being increased to give Rs.2000 additional income.

Old-Aged People, Widows & Disabled

A onetime amount of Rs.1000 will be paid in 2 installments over the next 3 months. It will benefit 3 crore old-aged people, widows and disabled persons.

Jan-Dhan Yojana

Women Jan-Dhan account holders will get Rs.500 per month for the next three months. This will benefit 20 crore women.

Ujjwala Scheme

Under the Ujjwala scheme, nearly 8 crore families benefited by getting gas cylinders. For the next three months, Ujjwala scheme beneficiaries will get free gas cylinders.

Self-Help Group Women

7 crore households will be benefited by giving upto Rs.20 lakh collateral free loan who are operating self-help groups.

EPFO – Organised Sector Workers

Government of India will pay the EPF contribution both of the employer and employee put together 24% for the next 3 months by the Government of India. This is for establishment having upto 100 employees –  90% of whom are earning less than Rs.15000 per month.

4 lakh establishments will be benefited by changing EPFO regulations due to the pandemic to allow non-refundable advance of 75% of the amount standing to the credit of a member or 3 months of wages – whichever is lower. This will benefits 4.3 crore employees registered under EPF.

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