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FM announces the second tranche of spl package

The Finance Minister, Smt. Nirmala Sitharam, announced the second tranche of special economic package to make the nation atma nirbhar. These set of measures focused on welfare for small farmers, street vendors and migrant workers.

The government announced Rs 30,000 crore additional emergency working capital fund through NABARD, in addition to  Rs 90,000 crore to be provided by NABARD through normal refinance route during this year. These measures are likely to benefit around 3 crore farmers in the country. Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through the Kisan Credit Card Special drive is also in the pipeline.

The measures to support 50 lakh street vendors include Rs 5000 crore special credit facility, a new scheme to facilitate easy access to credit to street vendor and Initial working capital up to Rs 10,000. 

She announced the launch of the National Portability Cards (One Nation One Ration Card) which can be used in any ration shop in any part of the country as migrants move from state to state. The government will also provide 5 kg/person of wheat or rice and 1 kg/family of channa for non-PDS card holders for two months which is going to cost the national exchequer Rs 3,500 crore. The Centre has also generated 14.62 crore person-days of work till May 13 to help migrants find work who have returned to their home states in a bid to employ the migrants workforce returning home. 

The minister added that to offer respite to the middle income group, the government will give a Rs 70,000 crore boost to the housing sector through extension of CLSS Credit Linked Subsidy Scheme for Middle Income Group. Further, to provide jobs to adivasis, the government has received proposals worth Rs 6,000 crore through the CAMPA funds.