Finance Minister Nirmala Sitharaman will address a press conference at 4 pm on May 15 to provide the third set of details on the COVID-19 relief package under the Atmanirbhar Bharat Abhiyan.
This will be the Finance Minister’s third press conference about the Rs 20 lakh crore economic package, which was announced by Prime Minister Narendra Modi on May 12.
The first set of measures were announced on May 13, which focused on benefits for micro, small and medium enterprises (MSMEs) and non-banking finance companies (NBFCs). Three tax measures and support for the Employee’s Provident Fund (EPF) scheme were also a part of the first set of measures.
On May 14, the new schemes focused on migrant workers, street vendors, and small traders.
Besides food, the central government in an attempt to provide shelter to the migrant workers, who work in various parts of the country, will launch a scheme under Pradhan Mantri Awas Yojana (PMAY).
Under the scheme, the government will convert government-funded housing in the cities into rental housing complexes under PPP mode to provide shelters to the migrant workers.
Stock limits to be imposed only under very exceptional circumstances like national calamities, famine after amendment of ECA: FM
No stock limit to apply to processors or value chain participants following amendment to the Essential Commodities Act: FM
Govt to amend Essential Commodities Act; cereals, edible oil, oilseeds, pulses, onions and potato to be deregulated: FM
Rs 500-cr additional fund provided to extend Operation Green to all fruits, vegetables; 50% subsidy on transportation, storage: FM
Rs 500 cr allocated for beekeeping initiatives to benefit 2 lakh beekeepers in rural areas, says Sitharaman
FM announces Rs 4,000 cr for promotion of herbal cultivation to bring 10 lakh hectares of land under herbal growing in next 2 years
FM announces Animal Husbandry Infrastructure Development Fund of Rs 15,000 cr to support investment in dairy processing
Rs 13,343-cr fund launched to ensure 100% vaccination of 53 cr cattles for foot-and-mouth disease: FM
FM announces Rs 20,000 cr for aqua culture, infrastructure for fisheries to help raise fish production, exports
100% vaccination of all cattle (nearly 53 crore animals) to eradicate foot and mouth disease
Pradhan mantri Matsya Sampada Yojana to employ 55 lakh people, double India's exports to Rs 1 lakh crore - FM Nirmala Sitharaman
FM Nirmala Sitharaman gives Kashmir’s kesar, Bihar’s makhana, Karnataka’s ragi, and Andhra’s chillies as examples of clusters. Under Van Sampada, states can also take benefits from clusters under Vocal for Local mission.
Food enterprises who are micro in size, the government will provide Rs 10,000 crore for a cluster based approach. Local value added products can reach out for global markets through this: Finance Minister Nirmala Sitharaman
2 lakh MFEs will benefit from the Rs 10,000 crore package by modernising and better branding - FM
Rs 1 Lakh Crore fund for Agriculture Infrastructure will be provided, at farm gate and aggregation points and the funds will be created immediately: FM Nirmala Sitharaman
6400 cr claims being given in Fasal Bima Yojana - FM Sitharaman
New scheme for interest subvention of 2%/ annum for dairy cooperatives
Additional 2% interest subvention on prompt payment/ interest servicing
Purchases of Rs 74,300 under minimum support price has been made in the last two months and Rs 18700 crore has been transferred into the accounts of farmers under PM-KISAN.
I will be announcing 11 measures today, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms: Finance Minister Nirmala Sitharaman
India is third largest cereal producers. Indian farmers have always ensured that despite their smallholding, they will give high yields - FM
FM Sitharaman's press conference starts to announce the details of the third tranche of the economic package declared by Prime Minister Narendra Modi on Tuesday.