COVID-19: FM announces Rs 1.70 lakh crore relief package



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India's Finance Minister has announced a substantial relief package worth Rs 1.70 lakh crore, aimed at supporting the country's poorest citizens through the COVID-19 pandemic. The Pradhan Mantri Garib Kalyan Yojana will provide essential food supplies, direct cash transfers, and increased wages to vulnerable populations. This package includes insurance for health workers, free food grains and pulses, and financial aid for farmers, women account holders, senior citizens, and construction workers.

Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Coronavirus Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months 20 crore women Jan Dhan account holders to get Rs 500 per month for next three months Incre
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FAQ :

The total value of the relief package is Rs 1.70 lakh crore.

The relief package is being provided under the Pradhan Mantri Garib Kalyan Yojana.

Health workers fighting COVID-19 will be provided with a special insurance scheme offering Rs 50 lakh compensation in case of any accident.

80 crore poor individuals will receive 5 kg of wheat or rice and 1 kg of pulses for free every month for the next three months.

20 crore women Jan Dhan account holders will receive Rs 500 per month for the next three months.

Farmers will receive an early instalment of Rs 2,000 under the PM Kisan Yojana, and MNREGA wages have been increased by Rs 20 per day.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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