Nine main measures to aid migrant workers, street vendors, small farmers, self-employed people were announced.
Migrants
- Free food-grain supply to all migrants for the next 2 months- Free food-grain supply to all migrants for the next 2 months. Non-Cardholder Migrants, shall be given 5 KG rice/wheat & 1 KG Chana per family for 2 months.
- One nation one ration card in three months- National portability of ration card with ‘one Nation one ration card’ will be implemented by August this year. 67 crore beneficiaries will gain in 23 states, using this ration card in any corner of the nation in the next three months.
- Affordable rental housing for urban poor- Affordable rental accommodation for migrant labour and urban poor. A rental housing scheme will be incentivised to build affordable housing and converting government housing into rental housing under PM Awas Yojana.
Shishu loans under MUDRAAdvertisement
- 2% interest reduction for Shishu loans under MUDRA- While loan moratorium has already been granted by the SBI, a 1500 crore interest subvention for MUDRA has been announced. The Centre will provide interest subvention of 2% for prompt payees for a period of employees.
Street vendors
- Rs 5000 Credit facility for street vendors-Rs. 5000 crore special credit facility for street vendors which will benefit 50 lakh street vendors. They will receive an initial working capital up to Rs 10000, within a month.
Housing
- Extension of CLSS till March 2021- 70,000 crore boost to housing sector & middle income group through the extension of Credit Linked Subsidy Scheme (CLSS) by extending the scheme till March 2021. As of date, 3.3 lakh middle income families have benefited.
Tribals
- Employment via Rs 6000 crore CAMPA funds- Employment for tribals via Rs 6000 crores using Compensatory Afforestation Management & Planning Authority (CAMPA) Funds. This will for create Job opportunities in Urban, Semi urban & rural areas for Afforestation & plantation works.
Farmers
- Emergency working capital fund via NABARD- 30,000 crore additonal emergency working capital funding for farmers via NABARD. While 90,000 crore has already been sanctioned by NABARD, additional Rs 30,000 crore will be pushed into this.
- 2 lakh concessional credit boost for farmers- Farmers holding Kisan Credit Cards will be provided concessional Credit boost amounting to Rs 2 lakh crore. Fishermen & Animal husbandary farmers will also be included in this and 2.5 crore farmers will benefit from this.
Apart from these measures, the government also announced reforming labour laws in the near future. The current 44 labour laws are being reduced to just 4 labour codes. The bill is currently in the parliamentary standing committee and will soon be introduced in parliament.
Steps in pipeline:
- Universalisation of right to minimum wages & timely payment
- Appointment letters
- Annual health check
- Occupational Safety & Hazard Code
- Extension of ESIC coverage
- Social Security Fund
- Re-Skilling Fun
Published by AVI HR software Pvt Ltd, NOIDA