FM Sitharaman makes 2nd phase of announcement on economic package

• Free food grain supply to all migrants for next 2 months 

• affordable rental housing for migrants and urban poor

• PDS ration cards to be made portable

• interest subvention of 2% for prompt MUDRA-Shishu Loans payees

• Govt to extend CLSS for middle income group

New Delhi (SPB) : One nation, one ration card will be implemented. 67 crore beneficiaries in 23 states covering 83% of PDS population will be covered by national portability by August 2020 . Government to extend the Credit Linked Subsidy Scheme (CLSS) for middle income group (annual income )6-18 lakhs) up to March 2021. 2.5 lakh middle income families to benefit during 2020-21 says FM Sitharaman makes 2nd phase of announcement on economic package

 FM further said that, Govt to support nearly 50 lakh street vendors with 5k crore Special Credit Facility. Government of India will provide interest subvention of 2% for prompt MUDRA-Shishu Loans payees for a period of 12 months .  Relief of 1500 crores to MUDRA-Shishu loan payees. PDS ration cards to be made portable to allow migrant workers to use ration cards across states, finance minister Nirmala Sitharaman said.

"Govt to launch a scheme for affordable rental housing for migrant workers and urban poor to provide ease of living by converting govt funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire" . In today's announcement, finance minister Nirmala Sitharaman said that the migrants will get free food grain supply for the next two months."Free foodgrain supply to migrants for 2 months now expanded for those who don't have NFSA or state cards. 5 kg of wheat or rice or 1 kg of chana to be provided, About 8 crore migrants are expected to benefit,"" FM Sitharaman said 

She further added. "12,000 self-help groups (SHGs) have produced more than 3 crore masks and 1.2 lakh litres of sanitizers during Covid-19 period. 7,200 new SHGs for urban poor have been formed during the last two months . We have already generated 14.62 crore person-days of work till 13th May, which is 40-50% more persons enrolled as compared to last May. Migrant workers going back to their states being actively enrolled. Govt has permitted state govts to utilise SDRF for setting up shelter for migrants&providing them food&water etc...We are conscious, we are attending to the migrants".

FM Nirmala Sitharaman further said "Interest subvention and prompt repayment incentive on crop loans due from 1st March has been extended to 31st May,"

The second phase of annoucement on 20 lakh crore economic package to focus on migrants, small businesses, small farmers and street vendors, finance minister Nirmala Sitharaman said as she began her address to the media.

"Today's initiatives focuses on migrant workers, street vendors, small traders, the self-employed & small farmers," she said.