Highlights – 2nd set of Atma Nirbhar Bharat Measures

Highlights – 2nd set of Atma Nirbhar Bharat Measures

Finance Minister Nirmala Sitharaman said the government will spend Rs 3,500 crore on food for nearly 8 crore migrant workers over the next two months, to support help them against the fallout from the coronavirus pandemic and the weeks-long nationwide lockdown.

The announcements , came as part of the second set of measures under the government’s “Atma Nirbhar Bharat” economic package to battle the damage caused to the economy due to the COVID-19 outbreak. Thursday’s announcements – focused on migrant workers, street vendors, self-employed individuals, farmers and small traders – were part of the fiscal and monetary package worth Rs 20 lakh crore announced by Prime Minister Narendra Modi on Tuesday to prop up the ailing economy. The government plans to extend a bank loan interest subsidy programme for affordable housing to rented housing for migrant workers, the Finance Minister said.


Highlights of 2nd set of “Atma Nirbhar Bharat” announcements:  

  • Today announcing more steps under PM Garib Kalyan scheme
  • Today’s initiatives – as part of second tranche of measures under the Atma Nirbhar Bharat package – focuse on migrant workers, street vendors, small traders, self-employed individuals, small farmers
  • Will be announcing 9 steps today
  • 3 related to migrant workers
  • 1 Shishu loan scheme within MUDRA
  • 1 street vendors
  • 1 housing
  • 1 employment generation largely for tribals and those in tribal pockets
  • 2 farmers, small farmers in particular
  • Many of steps announced today may overlap with next set of measures; there will be more
  • We will keep in mind and prioritise concerns related to migrant workers, poor, those in need
  • About 3 crore farmers, who received agricultural loans worth over Rs 4 lakh crore at concessional rates earlier, availed benefit of loan moratorium
  • Interest subvention scheme – which is normally given for prompt repayment – on farmer loans, which was already extended till March, now extended till May 31
  • 25 lakh new Kisan credit cards given, worth of Rs 25,000 crore of total loan limit
  • Liquidity support for farmers and rural economy has been happening for past two months
  • Activities through banks have been happening; 63 lakh agricultural loans worth Rs 86,600 crore approved between March 1 and April 30…Read more>>