Thread on #FinanceMinister's 2nd PC.
- Focus on migrant workers, street vendors, traders, small farmers
- 9 steps in total: 3 for migrant workers, 1 to sishu loan mudra, 1 for street vendors, 2 for small farmers and some more...
- overlaps with packages will exist.
#20lacCrores
- Focus on migrant workers, street vendors, traders, small farmers
- 9 steps in total: 3 for migrant workers, 1 to sishu loan mudra, 1 for street vendors, 2 for small farmers and some more...
- overlaps with packages will exist.
#20lacCrores
- 3 crore farmers availed loans at concessional rates, with loans aggregating to Rs. 4L cr.
- Interest subvention was extended till Mar & now till 31 May 2020
- 25 lakh new kisan credit cards given to marginal farmers, totaling 25,000 cr of loans
#20LakhCrorePackage #20lakhcrore
- Interest subvention was extended till Mar & now till 31 May 2020
- 25 lakh new kisan credit cards given to marginal farmers, totaling 25,000 cr of loans
#20LakhCrorePackage #20lakhcrore
- Liquidity support for farmers & rural economy continued in last 2 mths (#COVID19 duration); Banks have lent continuously
- Refinancing of 29,000 cr by NABARD in Mar alone
- RIDF support of 4,200 cr for rural infra
- state govts sanctioned 6700 cr to procure agri produce
- Refinancing of 29,000 cr by NABARD in Mar alone
- RIDF support of 4,200 cr for rural infra
- state govts sanctioned 6700 cr to procure agri produce
For Urban poor & migrants in last 2 mths:
- permitted state govts to use NDRF fund (Rs.11,000 cr spent) for shelter, food etc.
- provided 3 meals daily for urban homeless people
- 12,000 SHGs have produced 3cr masks & 1.02L sanitizers
- Paisa portal for disbursing funds for SHGs
- permitted state govts to use NDRF fund (Rs.11,000 cr spent) for shelter, food etc.
- provided 3 meals daily for urban homeless people
- 12,000 SHGs have produced 3cr masks & 1.02L sanitizers
- Paisa portal for disbursing funds for SHGs
Migrant workers livelihood issue:
- Increase in avg wage rate from Rs.182 to Rs.202 done earlier
- MNREGA generated 14.62 cr man-days generated till 13th May, up 40-50% y-o-y
- States advised to provide work as per MNREGA
- Plantation, horticulture, sheds etc work to be provided
- Increase in avg wage rate from Rs.182 to Rs.202 done earlier
- MNREGA generated 14.62 cr man-days generated till 13th May, up 40-50% y-o-y
- States advised to provide work as per MNREGA
- Plantation, horticulture, sheds etc work to be provided
Labor Reforms in pipeline:
- Min wages to make it applicable universally from the current 30%
- Regional disparity in min. wage to be replaced by national floor wage
- Annual health check mandatory for all employees
- Interstate migrant workers also to be given benefits
- Min wages to make it applicable universally from the current 30%
- Regional disparity in min. wage to be replaced by national floor wage
- Annual health check mandatory for all employees
- Interstate migrant workers also to be given benefits
- ESIC benefits to be extended
- mandatory ESIC coverage for employees working in hazardous industries, irrespective of Co. size
- social security extended to gig workers
- re-skilling of retrenched workers
- all occupations to be open to women (even at night)
- gratuity for FTE
- mandatory ESIC coverage for employees working in hazardous industries, irrespective of Co. size
- social security extended to gig workers
- re-skilling of retrenched workers
- all occupations to be open to women (even at night)
- gratuity for FTE
-TDS and TCS proposals of yesterday to be clarified by revenue secretary at the end.
End of History class....🙏
Today's proposals haven't started yet....🤷♂️
#20LakhCrorePackage #20LakhCroreStimulus
End of History class....🙏
Today's proposals haven't started yet....🤷♂️
#20LakhCrorePackage #20LakhCroreStimulus
