CS Lalit Rajput
Quick Summary
Key Highlights: Todays initiatives include a total of 9 measures: 3 related to Migrant workers 1 related to Street vendors Small traders Self-employed people 2 on Small farmers 1 on housing 1. Interest subvention for loans to farmers, normally given for prompt repayment, furt
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FAQ :
The Finance Minister announced a total of 9 key initiatives in her speech on 14th May 2020.
Support included free food grain for two months, affordable rental housing complexes, utilisation of SDRF for shelters, and advance release of central government contributions to states.
Farmers received interest subvention on loans, new Kisan Credit Cards, liquidity support, and refinancing through NABARD, with concessional credit available for 2.5 crore farmers.
A special credit facility of Rs 5000 crore was announced for street vendors, offering initial working capital up to Rs 10,000.
The government committed to making the right to minimum wages universal, introducing a national floor wage, re-skilling workers, and providing social security for gig workers. EPF support was also extended for businesses and organised workers.
This initiative aims to make PDS ration cards portable across India, allowing beneficiaries to use them anywhere in the country, with 83% of the PDS population to be covered by March 2021.
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