Atmanirbhar Bharat, 20 Lakh Crore Finance Package

Highlights of Finance Minister’s Announcement on 20 Lakh Crore Finance Stimulus

On 13 May, 2020 the Finance Minister Ms. Nirmala Sitaraman has announced 15 different measures under Aatmanirbhar bharat; 6 of which are pertained to the Micro Small and Medium enterprises

The focus will be on what can be defined as the factors of production- Land, Labour, Liquidity and Law. Intention is also to take local brands to a global level, thus global value chain is also kept in mind. Five pillars of Atmanirbhar Bharat –Economy, Infrastructure, System, Vibrant Demography and Demand.

# Pradhan Mantri Garib Kalyan Package (1)

Rs. 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus:

•Insurance cover of Rs 50 Lakh per health worker

•80 crore poor people given benefit of  5 kg wheat or rice per person  for next 3 months

•1 kg pulses for each household for free every month for the next 3 months

•20 crore women Jan Dhan account holders get Rs 500 per month for next 3 months

•Gas cylinders, free of cost, provided to 8 crore poor families for the next 3 months

•Increase in MNREGA wage to Rs 202 a day from Rs 182 to benefit 13.62 crore families

•Ex-gratia of Rs 1,000 to 3 crore poor senior citizen, poor widows and poor Divyang