*Concessional credit to farmers *Rs 6,000 cr for jobs for tribals * Credit-linked subsidy for house buyers
Affordable Rental Housing Complexes mooted
New Delhi, May 15:
Finance Minister Nirmala Sitharaman has announced free distribution of 5 kg foodgrains and 1 kg ‘chana’ for next two months to approximately 8 crore migrants who do not have either central or state ration cards.
Announcing the second tranche of the economic package, she said about Rs 3,500 crore will be spent towards this initiative.
The Finance Minister also clarified that the total number of migrants at 8 crore has been arrived at by counting those living in shelter camps by state governments.
She further said 100 per cent national portability will be achieved by March 2021. All states and union territories will complete full FPS automation by March 2021, she added.
Already 17 states/UTs are ready with FPS automation. These include Andhra Pradesh, Telangana, Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, Kerala, Madhya Pradesh, Goa, Jharkhand, Tripura, Bihar, UP, Punjab, Himachal Pradesh and Daman and Diu.
Under the initiative, eligible beneficiaries under NFSA would be able to avail their entitled foodgrains from any Fair Price Shop in the country using the same ration card.
The extension of the CLSS (Credit Linked Subsidy Scheme) will benefit 2.5 lakh middle-income families during this fiscal year and will lead to an investment of over Rs 70,000 crore in the housing sector, besides job creation.
Announcing the decisions, Finance Minister Nirmala Sitharaman said “the government will launch a new scheme under the Pradhan Mantri Awas Yojana (PMAY) for migrant labour/urban poor to provide ease of living at an affordable rent.” Mi grant labour and urban poor face challenges in getting houses at affordable rent, she said.
Under the scheme, government-funded housing in the cities will be converted into Affordable Rental Housing Complexes (ARHCs) under the PPP mode through concessionaires.
The new scheme will incentivise manufacturing units, industries, institutions, associations to develop such complexes on their private land and operate them. It will incentivise central and state government agencies to develop ARHCs.
Following are the highlights of second tranche of Rs 20 lakh crore comprehensive economic package announced by Finance Minister Nirmala Sitharaman to tide over the COVID-19 crisis.
* 3 crore farmers with loans of over Rs 4 lakh crore availed the benefit of 3-months moratorium
* 25 lakh new Kisan Credit Cards sanctioned with a loan limit of Rs 25,000 crore
* Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards
* Rs 86,600 crore loans approved for 63 lakh farmers in March and April
* Support of Rs 4,200 crore provided to states under RIDF during March for developing rural infra
* Rs 30,000 crore additional emergency working capital fund to be provided by NABARD
* Rs 10,000 crore spending towards payment of wages under MNREGA till May 13
* Enrollment drive being undertaken for returning migrants
* Free foodgrain supply to about 8 crore migrants for 2 months; entailing spending of Rs 3,500crore
* States as implementing agency to provide 5 kg grains per person and 1 kg chana per family per month
* ‘One Nation One Ration Card’ to be implemented by March 2021; migrants to access any PDS shop anywhere
* Govt to launch Affordable Rental Housing Complexes for migrant and urban poor under PMAY
* Relief of Rs 1,500 crore through 2% interest subvention for prompt repayment of MUDRA Shishu loan up to Rs 50,000
* Rs 5,000 crore Special Credit Facility for 50 lakh street vendors with initial working capital of Rs 10,000
* Rs 6,000 crore Compensatory Afforestation Management & Planning Authority (CAMPA) fund for job creation
* Credit-linked subsidy scheme for affordable housing for middle class families extended till March 2021; resulting in over Rs 70,000 crore boost for housing sector.