Government's Diwali gift, Finance Minister Nirmala Sitharaman announces one more relief package

The government is to announce one more relief package today. Finance Minister Nirmala Sitharaman is addressing a press conference. In which he said that the recovery in the economy has been seen due to the steps taken for reform. The biggest challenge was to fight Corona.

Government's Diwali gift, Finance Minister Nirmala Sitharaman announces one more relief package

New Delhi: The government is to announce another relief package today. Finance Minister Nirmala Sitharaman is addressing a press conference. In which he said that the recovery in the economy has been seen due to the steps taken for reform. The biggest challenge was to fight Corona.

 

He told a press conference that ..

1. Self-reliant India Employment Scheme announced

Pradhan Mantri Rozgar Protsahan Yojana was implemented till 31st March 2019 in which a total of 1 lakh 52 thousand organizations got benefits of Rs. 8300 crore.

Now the government is implementing a new scheme, called Atmanirbhar Bharat Rozgar Yojana. Under the scheme, people will get the benefits associated with EPFO.

Those who are not previously registered with EPFO ​​will benefit if they join.

Those who lost their jobs during 1 March 2020-21 September 2020 and got jobs after 1 October, will be included in this scheme. The scheme will come into effect from October 1. This plan will be for 2 years.

Employment::

- Registered organizations under EPFO ​​will be able to benefit if they provide new employment.

- If organizations with less than 50 people employ more than 2 people, they will get the benefit of the scheme.

- An organization with more than 50 employees will have to have more than 5 employees to avail this scheme.

- Those who are not in EPFO ​​will not get the benefit, they will get the benefit when they have to register first.

- This scheme will be applicable till June 30, 2021.

- There are two categories in the scheme, the first companies with less than 1000 employees, the central government will contribute 12 per cent of the employees' share and 12 per cent of the company's share.

- For companies where there are more than 1000 employees, the government will provide only 12 per cent of the employees, this scheme will be applicable for 2 years.

- Under this scheme, 95% of the institutions will be covered.

MSME

- Emergency Creditline Guarantee Scheme, launched for MSMEs. Was then applied to all. The government was to provide 20 per cent additional working capital, benefiting those with a turnover of Rs 50 crore and Rs 250 crore. The scheme has been extended till March 31. The benefit of this scheme can also be availed by MSME, business, professional, individual, loan borrower. So far 61 lakh people have taken loans and 2 lakh 5 thousand crore rupees have been sectioned.

- ECLGS 2.0 has been extended to 31 March 2021. The scheme will benefit 26 distressed sectors, which were mentioned in the report of the Kamat Committee. The duration of this scheme will be 5 years.

- The interest rate was capped in this scheme so that the interest does not increase further. This was a 100 percent guarantee scheme.

Manufacturing

1.46 lakh crore will be provided to support manufacturing. Previously implemented in 3 sectors.

A provision of Rs 40,995 crore has been made for mobile manufacturing in India alone.

- We have come up with a plan of Rs 6940 crore for making crude goods for medicine in India.

- It will strengthen our economy and also create employment opportunities.

PM Housing Scheme- Urban

Pradhan Mantri Awas Yojana will spend Rs 18000 crore for urban. Before this, there will be an additional Rs 8,000 crore. 12 lakh houses will be installed under the scheme. 18 lakh houses will be completed. It will create more than 78 lakh jobs. 25 lakh metric tonnes of steel and 131 lakh metric tonnes of cement will be used to meet the demand in the market.

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news 18 gujarati report 

Housing sector

One more big announcement has been made in the field of housing. Now both the home builder and the homeowner will benefit. It is often observed that there is a gap between the circle rate and the agreement value, with only 10 per cent provision in the Income Tax Act. Most people had a 10 percent discount when they first arrived and it has been increased to 20 percent. This means that if the price of a property has gone down but the circle rate is higher, there will be an advantage. But this is only for a house worth up to Rs 2 crore. This scheme will be applicable till March 31, 2021.

• - Recovery in the economy has been seen due to the steps taken for reforms.
• - The biggest challenge was to fight Corona. The number of Koro cases has come down from 10 lakh to 4.89 lakh.
• - Electricity consumption has increased by 12 per cent this year as compared to October.
• - GST collection is 10 per cent higher this year than in October last year.
• - Railway freight is on the rise this year.
• - Manufacturing has seen good growth recovery.
• - Foreign exchange reserves have reached 60 560 billion. Which is a record in itself.
• - According to these figures, India's economy is rapidly strengthening.
• -One Nation One Ration Card has been implemented in 20 states.
• - PM Swanidhi Yojana is applicable in 30 states
• - Government's emphasis on food guarantee scheme for the poor.
• - Rs 25,000 crore assistance for rabi crop
• 1 lakh 43 thousand 262 crore has been given to farmers in two phases in Kisan Credit Card.