Thursday, 26 March 2020

Pradhan Mantri Garib Kalyan Yojana 1.7 lakh crore package

Pradhan Mantri Garib Kalyan Yojana 


Pradhan Mantri Garib Kalyan Yojana was launched by the Indian government in 2016 wherein income taxpayers are given the opportunity to forgo prosecution by declaring their illegal money and paying 50% penalty on their unaccounted incomes

During this critical situation of COVID-19(Corona Virus) Finance minister Nirmala Sitharaman announced a Rs 1.7 lakh crore package under the PM Garib Kalyan Yojna, this may bring relief to urban and rural poor, migrant workers and women in the bottom rung of the socio-economic statuses.

Details of the package of 1.7 lakhs crores announced on 26-Mar-2020


Under this scheme, Government will pay the EPF contribution for both employer and employee about 24% for next three months.

Rs 500 will be given to the women who hold bank account under jan dhan yojaya.

75% of Non-refundable advance from the scheme of EPFO will be provided to the workers.

Sitharam announced mediacal insurance of Rs 50 lakhs to each Asha Worker, Paramedics, Nurse and other persons who are working on the frontlines of fighting the Corona Virus across the country, which will make benefit to 20 lakh people.

Due to this package, No one will go hungry, The finance minister said on 26th march 2020.

Under PM Garib kalyan Ann Yojana 80 crore poor people will get 5 KG rice or wheat each month for next three months free of charge, in addition to the 5 KG they already get. Each household will get 1 KG of Daal.
Pradhan Mantri Garib Kalyan Yojana

Under 1.7 lakh crore package, 8.3 Below powerty line families will be given free LPG (Gas) Cylinders for three months and women self help groups in the villages will be able to take collateral free loans up to 20 lakhs.

Sitharaman said the first instalment of Rs 2,000 under the Pradhan Mantri Kisan Samman Nidhi or PM Kishan scheme will be transferred to the accounts of 8.69 crore farmers in April. The scheme provides Rs 6000 per year.

The government has also hiked regular wages to 202 per day from 182 per day under the MGNREGA.

Rs 1000 will be given to elderly poor, widows and Physically Chanllenged people in two instalments over the next three months.

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