Watch | What to expect from the COVID-19 economic relief package

The Union government announced a Rs. 1.7 lakh-crore package in response to the countrywide COVID-19 lockdown. It provides free food and cash transfers to support the poorest citizens who are most vulnerable during the crisis. Here are the main features of the economic relief package:

  • Insurance cover of Rs. 50 lakh per person for doctors and medical workers fighting COVID-19.
  • 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next 3 months for 80 crore poor people.
  • Free grains can be availed in two installments.
  • Increase in MGNREGA wage to Rs. 202 a day from Rs. 182 for 13.62 crore families.
  • Rs.500 per month for the next three months for 20.4 crore Jan Dhan women account holders.
  • Ex-gratia of Rs. 1,000 to 3 crore senior citizens, disabled and widows among the poor.
  • Government to frontload Rs. 2000 to 8.7 crore farmers in the first week of April under the existing PM Kisan Yojana.
  • Free cylinders for the next three months for 8.3 crore below the poverty line families.
  • Wage-earners below Rs. 15,000 per month in businesses having less than 100 workers to receive 24% of their monthly wages. This will be directed into their PF accounts for the next three months.
  • State governments are to use the Construction Workers Welfare Fund to give relief to 3.5 crore registered workers.

Also read: An inadequate lockdown package

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Printable version | May 13, 2021 2:04:17 AM |

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