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After offering liquidity support to small businesses in the first tranche of the government’s stimulus package, finance minister Nirmala Sitharaman on Thursday announced measures to support migrant labour, farmers, the poor and lower-middle-class people.
The government would provide a working capital loan of Rs 10,000 each to 50 lakh street vendors who have been hit hard by the Covid-19 pandemic. She also announced a 2 per cent interest subsidy for Shishu loans given under Mudra lending.
In big relief to migrant workers, Sitharaman also announced the launch of the National Portability Cards -- One Nation, One Ration Card -- which can be used in any ration shop in any part of the country as migrants move from state to state. However, she said this scheme would be implemented across India by March next year.
www.deccanchronicle.com
The nationwide lockdown in India which started about a month ago has impacted nearly 40 million internal migrants, the World Bank has said. Until this reform is implemented, migrant are not able to get their rations. What a shame.
The government would provide a working capital loan of Rs 10,000 each to 50 lakh street vendors who have been hit hard by the Covid-19 pandemic. She also announced a 2 per cent interest subsidy for Shishu loans given under Mudra lending.
In big relief to migrant workers, Sitharaman also announced the launch of the National Portability Cards -- One Nation, One Ration Card -- which can be used in any ration shop in any part of the country as migrants move from state to state. However, she said this scheme would be implemented across India by March next year.
One Nation One Ration Card: Manna for migrant workers -- by next March
Nirmala Sitharaman's second tranche of the stimulus package addresses farmers, migrant workers, street hawkers
www.deccanchronicle.com
The nationwide lockdown in India which started about a month ago has impacted nearly 40 million internal migrants, the World Bank has said. Until this reform is implemented, migrant are not able to get their rations. What a shame.
