FM’s Rescue Package: Short On Size and Details I The Wire Business Report I Mitali Mukherjee
- 3 years ago
Finance minister Nirmala Sitharaman announced a financial relief package for India’s poor and migrant workers and called it the Prime Minister Garib Kalyan Scheme. The Scheme has two parts. One is the cash transfer and the second is food security. This was announced along with 50 lakh per person insurance cover to health care workers risking their lives on the front-lines of this pandemic.
According to the relief package, 800 million poor people in the country will get 5kg of rice or wheat and 1kg pulses in addition to the ration they already get under the Public Distribution System.
With regard to cash transfers, India’s farmers will get the first PM Kisan instalment of Rs 2,000 in April 2020 itself. For poor widows, the aged and the disabled, an ex-gratia transfer of Rs 1,000 will be done for the next three months, in two instalments. For women with Jan Dhan Yojana accounts, an ex-gratia transfer of Rs 500 will be done for the next three months.
But is this enough? The Wire's Mitali Mukherjee breaks it down for us.
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According to the relief package, 800 million poor people in the country will get 5kg of rice or wheat and 1kg pulses in addition to the ration they already get under the Public Distribution System.
With regard to cash transfers, India’s farmers will get the first PM Kisan instalment of Rs 2,000 in April 2020 itself. For poor widows, the aged and the disabled, an ex-gratia transfer of Rs 1,000 will be done for the next three months, in two instalments. For women with Jan Dhan Yojana accounts, an ex-gratia transfer of Rs 500 will be done for the next three months.
But is this enough? The Wire's Mitali Mukherjee breaks it down for us.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
You can also follow The Wire’s social media platforms and engage with us.
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