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FM Sitharaman announces package worth Rs 1,70,000 crore for poor, daily wagers

Finance Minister Nirmana Sitharaman on Thursday announced a relief package worth Rs 1.70 lakh crore to help the nation's poor tackle the financial difficulties arising from Covid-19 outbreak.

Sitharaman said the economic relief package will focus primarily on migrant labourers and daily wage labourers.

"A package is ready for the poor who need immediate help like migrant Business News workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore," Sitharaman said.

The package includes a mix of food security and direct cash transfer benefits which shield poor families during the lockdown.


Under the Pradhan Mantri Gareeb Kalyan Ann Yojna (PMGKY) which is a part of the relief package, at least 80 crore poor people will be covered.

Under the scheme, an additional five kilos of rice/wheat will be given to 80 crore individuals -- over the 5 kilos they already get -- along with a one-kilo pulse per household for a period of three months.

The government will spend Rs 45,000 crore for undertaking these measures.

She also announced that there will be Rs 50 lakh insurance cover for each healthcare worker for three months.

"Safai karamcharis, ward-boys, nurses, paramedics, Press Release Distribution Services For Business technicians, doctors and specialists and other health would be covered by a special insurance scheme. Any health professional who while treating Covid-19 patients meets with some accident, then he/she would be compensated with an amount of Rs 50 lakh under the scheme," stated the government press releases.

UNDER DIRECT BENEFIT TRANSFER

Nirmala Sitharaman also announced direct cash transfers for a large number of affected people including senior citizens, widows, farmers and daily wage labourers.
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