FM Sitharaman announces Rs 1.70 lk cr relief under PM Gareeb Kalyan Anna Yojana for food

FM Sitharaman announces Rs 1.70 lk cr relief under PM Gareeb Kalyan Anna Yojana for food

Administrator_India | March 26, 2020 | 0 | Best ECN Broker , Best Forex Trading Company , Best MT5 Broker , Commodity Broker , Forex Analysis

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The government will provide free rice/wheat and pulses to poor for the next three months, Finance Minister Nirmala Sitharaman said during a press briefing on March 26.

She announced the Prime Minister Gareeb Kalyan Scheme of Rs 1.70 lakh crore, for which the measures, include Rs 50 lakh insurance cover for all frontline medical ‘warriors’, Sitharaman said. The Scheme will be in two silos – one food related and one for cash transfer – largely under direct benefit transfer , she added.

“The government announces the Prime Minister Gareeb Kalyan Anna Yojana for 80 crore people, which is 2/3rd of the population,” she said.

The finance minister announced, “each person will get 5 kg of rice or wheat  over and above the existing 5 kg of rice/wheat being given.”

“Besides this, 1 kg of pulse/dal  will also be given per household so that no gareeb remains without food,” Sitharaman added.

“These can be availed in two installments,” she added.

PTI earlier reported today that the finance minister is likely to announce a comprehensive economic package to deal with the impact of coronavirus (COVID-19) outbreak. The agency quoted an official who did not specify details.

This is her second such address in three days. On March 24, the finance minister had announced multiple measures on statutory and compliance matters in the context of the COVID-19 pandemic. She had then said a package “is in the works”.

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