Atmanirbhar 2.0: Migrants, Farmers, Street vendors, Middle class, housing feature in Sitharaman's announcement

Source : Sify
Author : Finance Desk
Last Updated: Thu, May 14th, 2020, 18:24:32hrs
Atmanirbhar 2.0: Migrants, Farmers, Street vendors, Middle class, housing feature in Sitharaman's announcement

New Delhi: The second tranche of the Atmanirbhar Bharat Abhiyaan scheme has been announced by Finance Minister Nirmala Sitharaman on Thursday. Nine major steps were announced - 3 for migrant workers, three related to SHISHU loans within mudra scheme, two related to small farmers and one each for street vendors, and employement generation for tribals.

Here are the schemes:  

Migrant Workers:

1. Free food grain supply for 2 months to all migrant workers. The government will be spending Rs 3,500 crores. Individual state governments will be implementing agencies.  

2. The government has identified the total number of migrants as 8 crore.  

3. One Nation One Card: Government has started working on a universal public distribution card system to enable ration card holders across any city or state to get ration. The government will be completing identification of 67 crore beneficiaries across 23 states or 83% PDS coverage by August 2020 and 100% by March 2021.  

4. Non card holders seeking ration will be given 5 kilos of rice or wheat per head and also a kilo of chana.  

Urban Poor:

As part of the PM-Awas Yojana, the government will launch an affordable rental housing scheme for migrant workers or urban poor to provide ease of living by converting govt funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire:

Street Vendors:

A special liquidity facility of Rs 5,000 crore as a credit facility for street vendors. The scheme will be launched within a month with an initial capital of Rs 10,000. The scheme is expected to help 50 lakh street-vendors. Banks are expected to pass on these benefits in the form of loans.

Middle-Class:  

Rs 70,000 crores in credit linked subsidy package. The scheme was valid until March 2020 benefitting 3.3 lakh families, it has been extended up to March 2021 to benefit 2.5 lakh households. The CLSS will be available for middle-class income group (Annual Incomes- 6-18 lakhs).  

Farmers:  

1. Rs 2 lakh crore concessional credit to 2.5 crore farmers via Kisan Credit Cards. Fishermen & Animal husbandry farmers also eligible for this drive.  

2. Additional funding of Rs 30,000 crores to Nabard to help 3 crore farmers to seek refinance. This is over and above Rs 90,000 crores provided to NABARD for normal re-financing.  

Employment:

1. Tribal Employment: Rs 6,000 crore employment push via Campa (Compensatory Afforestation Management and Planning Authority) funds. Funds to be used by state governments for several areas that will help generate jobs in urban, rural and forest areas.  

2. Interest subvention for MUDRA-SHishu loans: Government to pay 2% for prompt payers for a period of 12 months. This is a relief of Rs 1,500 crores to MUDRA-Shishu loanees.  

3. Other Labour related policies: The Finance Ministry was working with labour department in newer labour centric laws. These include national wage floor, inter-state migration benefits, ESIC benefits to all who offices employing minimum 10 heads, there is also a talk on a policy related to gig economy.  

The Finance Minister has hinted that more policies will be announced in the days to come.  

Also Read: Atmanirbhar 1.0: MSME problem solved?

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