Amid the Corona Crisis the world is facing right now, all sorts of measures be it Economical, Demographical, Geographical and ofcourse Medical have been thought and implemented as soon as possible to restrict the impact of the pandemic. Even though the virus is an unprecedented one, still this is not the first one to be seen by humanity but it is expected to be one of the most deadly of them. The stats show that over 10,00,000 people have been infected worldwide as on 2Apr' 2020 and almost 53k have died, these numbers are terrifying for a disease which just came into existence less than 4 months ago.
Respective Governments and Authorities in-charge are taking each and every step which can mitigate the losses in any terms. The Indian Finance Minister, Nirmala Sitharaman announced on Thrusday, almost 36hours after the Nationwide Lockdown began, an Economic Relief Package for the poor and unprivileged section of the soceity. The Indian Government wanted to address the issues of migrants who would be facing the worst impact of complete Nationwide lockdown as almost all the migrant labourers/workers earn on a daily basis to fulfill their basic needs. A Complete Nationwide lockdown which began on the 00:00hour of 25th March (Wednesday) resulted in a halt of activities which directly influenced the labour class and their stomach as well.
The Economic Relief Package was focused on bringing financial stability for a certain period of time or I would say in the times of the crisis. Finance Minister announced that they have come up with a relief package of Rs1.7 lakh crores, which will be distributed through different schemes & policies, It was further added that all the aid will be provided through DBT ( i.e, Direct Beneficiary Transfers ) which will mitigate any corrupt practices or so. Proceedings of the Package were as follows.,
1) A Health Cover Insurance of 50,00,000 per individual who is involved in medical assistance, such as Doctors, Paramedical Staff, Nurses, Helpers, ASHA workers, Sanitation Staff, Municipal Bodies, around 20 lakh people will be benefited from this scheme.
(Some even refered to these people as, 'God in White Clothes')
2) An additional of 5KG of Rice & Wheat per Individual over and above the existing limit for 3 months under Pradhan Mantri Garib Kalyan Ann Yojna. (Around 80 crore individuals will be benefited, over 2/3 of the total population)
3) 1KG of locally preferred and avaliable pulses per household over and above the existing limit for 3 months.
4) Under the Kisaan Samman Nidhi scheme which provide an aid of 6000/Year, the first installment will be debited into the accounts in the first week of April itself. (Around 8.69 crore farmers are expected to benefit from it)
5) MGNREGA ( i.e., Mahatama Gandhi National Rural Employment Guarantee Act ) decided to increase it's daily wage from Rs182 to Rs202, this will increase the monthly wage by 2000.
(It is expected to benefit 5 crore families)
6) Under the PM Jandhan Yojana Scheme, 20crore women would be provided with Rs500 as an ex-gratia for the next 3 months for aiding them.
7) Individuals registered under the PM UJJWALA scheme will be provided free of cost cyclinder for the upcoming 3 months as just providing raw edibles would not be enough, the medium to cook is as necessary as the edibles are itself, 8crore families would be benefited by this. (All weaker sections of the society are expected to be benefitted from it)
8) Widow, Specially Abled & Poor Pensioners will be given an ex gratia of Rs1000 (Onetime) in 2 Installments.
(3crore poor senior citizen pensioners are expected to be benefited)
9) SHG (Self Help Groups) which includes 63,00,000 people would be provided collateral free loans, moreover the limit has been increased from 10lacs to 20lacs which will further impact 7crore households.
The Government also came up with some aids for the Organized Sector of the Society,
10) The EPFO (Employees' Provident Fund Organization) will contribute for both, the Employer(12%) as well as the Employee(12%) for the next 3months, this will be for those Establishments which have upto 100 employees out of which 90% of them earn less than 15,000/month.
11) EPFO will also allow the employees' to withdraw 75% of the amount contributed by them on the account of the contingency, this would be a non-refundable advance. Salary of 3months or 75% of the contribution, whichever is lower shall be payable.
( Beneficiaries would be 4.8crore workers )
12) According to the Central Government, Building & Construction Workers Welfare Department has about 31,000 crores of fund and 3.5 crore registered workers which shall be provided assistance on the orders of the government as and when needed.
13) FM also addressed the District Mineral Fund to be used in the construction and use of medical facilities and other medical assistances such as masks, gloves, body suits, ventilators and etc.
(Source : PIB i.e., Press Information Bureau )
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