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Centre announces free foodgrain to migrant workers

By The Assam Tribune
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NEW DELHI, May 14 - The government on Thursday announced a Rs 3.16 lakh crore package of free foodgrains for migrant workers, concessional credit to farmers and working capital loan for street vendors as part of the second tranche of fiscal stimulus to heal an economy hit hard by coronavirus lockdown.

At a news conference, Finance Minister Nirmala Sitharaman said 8 crore migrant workers will get 5 kg of grains and 1 kg of pulses free for two months, while 50 lakh street vendors rendered jobless by the lockdown would be given a working capital loan of Rs 10,000 each.

As many as 2.5 crore farmers will be provided Rs 2 lakh crore of concessional credit through Kisan Credit Cards.

Also for post-harvest (Rabi) and current Kharif crop requirements in May and June, NABARD will provide Rs 30,000 crore additional emergency working capital funding for farmers through rural cooperative banks and regional rural banks.

Sitharaman said the Central government will bear Rs 3,500 crore cost of giving free foodgrain and pulses to migrant workers. State governments will be responsible for implementation, identification of migrants and full distribution.

Also to benefit of migrant workers, the government plans to allow inter-state portability of ration cards under public distribution system (PDS) so as to allow them to use their cards anywhere to get benefit.

For small businesses, the Minister announced a 2 per cent interest subvention under MUDRA-Shishu loans of up to Rs 50,000. This would cost the government Rs 1,500 crore.

For street vendors, the working capital loan would cost Rs 5,000 crore.

She also announced Rs 6,000 crore employment push, using Compensatory Afforestation Management and Planning Authority (CAMPA) funds. � PTI laboratories of Assam, he added.

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Centre announces free foodgrain to migrant workers

NEW DELHI, May 14 - The government on Thursday announced a Rs 3.16 lakh crore package of free foodgrains for migrant workers, concessional credit to farmers and working capital loan for street vendors as part of the second tranche of fiscal stimulus to heal an economy hit hard by coronavirus lockdown.

At a news conference, Finance Minister Nirmala Sitharaman said 8 crore migrant workers will get 5 kg of grains and 1 kg of pulses free for two months, while 50 lakh street vendors rendered jobless by the lockdown would be given a working capital loan of Rs 10,000 each.

As many as 2.5 crore farmers will be provided Rs 2 lakh crore of concessional credit through Kisan Credit Cards.

Also for post-harvest (Rabi) and current Kharif crop requirements in May and June, NABARD will provide Rs 30,000 crore additional emergency working capital funding for farmers through rural cooperative banks and regional rural banks.

Sitharaman said the Central government will bear Rs 3,500 crore cost of giving free foodgrain and pulses to migrant workers. State governments will be responsible for implementation, identification of migrants and full distribution.

Also to benefit of migrant workers, the government plans to allow inter-state portability of ration cards under public distribution system (PDS) so as to allow them to use their cards anywhere to get benefit.

For small businesses, the Minister announced a 2 per cent interest subvention under MUDRA-Shishu loans of up to Rs 50,000. This would cost the government Rs 1,500 crore.

For street vendors, the working capital loan would cost Rs 5,000 crore.

She also announced Rs 6,000 crore employment push, using Compensatory Afforestation Management and Planning Authority (CAMPA) funds. � PTI laboratories of Assam, he added.

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