11 Relief Measures (amounting to Rs. 1.70 Lakh Crore) taken by the Ministry of Finance against COVID-19
10 Relief measures taken by ministry of finance to help poor fight Corona Virus

11 Relief Measures (amounting to Rs. 1.70 Lakh Crore) taken by the Ministry of Finance against COVID-19

The relief measures are to support the people from the poor section, farmers, women Jan Dhan account holders, low wage earners, senior citizens, widows, Divyang and health service providers.

Most of the relief measures declared on 26th March 2020 will come into effect from 01, April 2020.

#1. Insurance Cover of Rs. 50 Lakh per Health Worker

Approximately 22 Lakh health workers will get insurance cover in case of any accident while treating COVID-19 patients.

The special insurance scheme includes Safai karamcharis, ward-boys, nurses, ASHA workers, paramedics, technicians, doctors and specialists.

#2. 80 Cr Poor to get Food Supplies for 3-months

To ensure that there is food available to the poor the government will provide 5 kg wheat or rice and 1 kg of preferred pulses free for the next three months.

The food will be provided free of cost under the PM Garib Kalyan Ann Yojana.

#3. Three Months Wage or 75% can be withdrawn from EPF

The government to amend regulations so that workers registered under EPF can now get non-refundable advances from their EPF account.

The advance amount that can be withdrawn is 75% of the amount or three months of the wages, whichever is lower.

#4. Women Jan Dhan Account Holders to get Rs. 1,500

Relief for women under Jan Dhan Yojana to fight COVID

The government will transfer cash of Rs. 1,500 to 20.40 Cr women Jan Dhan account holders.

The cash will be transferred in 3 stages of Rs 500 per month.

#5. Farmers to get Upfront Money under PM Kisan Yojana

Farmers covered under PM Kisan Yojana need not wait for their dues.

Under the relief measures, the farmers will get Rs. 2,000 dues for the year 2020-21 in April 2020 itself.

#6. 8 Crore Poor Families to get Free Gas Cylinders

For the next three months, the government will distribute free LPG cylinders to poor families under the PM Garib Kalyan Yojana.

#7. To Pay 24% of Monthly Wages as PF

The package is to assist low wage earners during the disruption.

The support is for low wage earners in organized sectors for three months and the maximum PF amount comes to Rs. 3,600.

The relief measure covers wage-earners below Rs 15,000 per month in businesses having less than 100 workers.

#8. Laborers covered under MNREGA to get additional Rs. 2000

Relief for MNREGA workers to fight COVID

As a relief measure, the wages for unskilled manual laborers would be increased by Rs. 20 (i.e. from Rs. 182 to Rs. 202 a day) with effect from 1 April 2020.

#9. Senior citizens, Widows and Divyang to get Rs. 1000 during next 3-months

To tide economic difficulties, the government will give Rs 1,000 to senior citizens, widows and Divyang during the next three months.

#10. Rs. 10 Lakh of Additional Collateral free Lending for women SHGs

In order to support the finances of 6.85 Crore poor households, the present limit of Rs. 10 Lakhs of collateral-free lending by women SHGs will be increased to Rs 20 lakhs.

#11. Renewal of Third-party Motor & Health Policy Extended

Your third-party motor insurance and health policy which is due for renewal from 25 March to 14 April 2020 can now be renewed up till 21st April.

The extension in the renewal period is provided in view of lockdown.

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