The Union Cabinet on Wednesday approved 8 kg migrant laborers to be given 5 kg of grain free of cost every month for 2 months from the central grain reserves. The government announced this last week as part of the Rs 20 lakh crore 'self-reliant India' package in view of the economic crisis arising out of Corona. Under this, migrant workers will be given 5 kg of food grains per person per month free for May and June.
A government release said that this allocation will help reduce the difficulties of migrants and stranded migrants affected by the economic turmoil caused by Corona. The government will bear a food subsidy of Rs 2,982.27 crore from this scheme. Apart from this, the Central Government will bear the expenditure of about 127.25 crores for inter-state transport, maintenance of food grains, dealer margin / additional dealer margin.
Scheme approved for micro food processing units
The cabinet has approved a new scheme of Rs.10 thousand crore to provide loan subsidy to 2 lakh micro food processing units across the country. A plan was announced to help micro food processing enterprises to work together as part of the 20 lakh crore 'self-reliant' package to revive the economy. An official statement said that the central and state governments would bear the expenses in the ratio of 60:40 under the scheme for the unorganized sector. The scheme will be implemented over a period of 5 years i.e. 2021-25. About 20 thousand units will get subsidy related to the loan.
MSME: Loan at 9.25%
The Union Cabinet on Wednesday approved a plan to provide additional loan of Rs 3 lakh crore for micro, small and medium enterprises (MSME) at a concessional rate of 9.25 per cent. This emergency loan facility will be made available under the Guarantee Scheme. It was announced last week by Finance Minister Nirmala Sitharaman. A statement said that up to Rs 3 lakh loan will be given under the scheme, on which the National Credit Guarantee Trustee Company will provide 100 percent guarantee cover.
Pradhan Mantri Vay Vandana Scheme extended for 3 years
The Center has extended the Pradhan Mantri Vaya Vandana Yojana for senior citizens till March 2023. The implementation of this scheme is through LIC. Senior citizens 60 years and above are guaranteed a minimum pension upon joining the scheme.
Approval of Domicile Law in Kashmir: The Cabinet has approved the specific Domicile Norms Law for Public Sector Employment in Jammu and Kashmir. This will be applicable for all posts.
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