Lockdown from Corona: 50 lakh insurance, 3 months free cylinder, Rs 2000 to your bank account directly from April, know the big announcements of Finance Minister


The Central Government on Thursday announced the much awaited economic relief package to reduce the impact on the economy due to corona virus infection and lockdown imposed for its prevention.  The main points of the package presented by Finance Minister Nirmala Sitharaman are as follows:

-The Finance Minister announced a relief package of 1.7 lakh crores for the poor and daily laborers affected by the lockdown as well as those living in the villages.

-Apart from this, funds of 31,000 thousand rupees should be utilized for the 3.5 crore laborers associated with construction. State governments will be asked for this.

-The State Governments will be given the freedom to use District Mineral Fund for medical test, screening and other requirements to fight against corona virus.  This fund will also be used for the prevention of corona virus.

-For a company with less than 100 employees, in which 90 percent of the employees' salary is less than Rs 15,000, the government will put money in the EPFO ​​account of its employees on behalf of the employee and the company for the next three months.  The government will contribute 12–12 percent on behalf of both.  It will benefit more than 80 lakh laborers.

-Regulation of EPFO ​​for organized sector employees will be changed.  Now employees can withdraw 75% of their provident fund account or three months salary, whichever is less.  They will not have to return this money.

-The insurance cover of 50 lakhs will be available to those who are playing their role directly or indirectly in the treatment of corona virus.  These include doctors, paramedical staff, scavengers etc.

-Under the Pradhan Mantri Garib Kalyan Ann Yojana, 80 crore poor and daily laborers will be given food relief.  5 kg wheat or rice was already available, now the government will give 5 kg for free for the next three months.  People will get 1 kg pulses of their choice every month for free.  The government will not let anyone go hungry, everyone will get food.

-Sitharaman said that farmers get 6000 rupees under 6000 PM Kisan Samman Nidhi.  Now we are going to give them 2,000 rupees directly.  This will help 8.69 crore farmers in this difficult time.  This money will be added to the account in the first week of April.

-Those working under MNREGA in rural areas will now get Rs 200 instead of Rs 182.  Their income will increase by Rs 2000.  This will help 5 crore families.

-Extra poor will be given Rs. 1,000 for three months through direct benefit transfer for poor senior citizens, students and disabled.

-An amount of Rs 500 will be sent to women Jan Dhan account holders in their account.  This will benefit 200 million women.

-Under the Ujjwala scheme, more than 8 crore BPL women will be given LPG cylinders for three months free in this difficult time.

-63 lakh self help group will get collateral free loan up to Rs 20 lakh.  7 crore families associated with such self-help groups will benefit from it.  Earlier the limit of such loan was Rs 10 lakh.

Sitharaman on Tuesday extended the deadline for filing income tax and GST returns.

The last date for filing of income tax returns for 2018-19 and the last date for linking Aadhaar with PAN has been extended by three months to 30 June.  Apart from this, the last date for filing GST annual returns has also been changed from 31 March to the last week of June.

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