India Announces Relief for Millions of Migrant Workers, Farmers

 India Announced measures to assist with food, shelter and livelihood for the migrant workers, street vendors and small farmers.

The government will be in charge of food, shelter and livelihoods for the next two coming month which will cost them not less than 35 billion rupees (463 million dollars).

However, the government has spent the sum of 100 billion rupees since April on a scheme offering work to 23 million unemployed people.

 On Thursday, May 14, 2020, India announced measures to assist with food, shelter and livelihood for the migrant workers, street vendors and small farmers hit hardest by the nationwide lockdown to control the coronavirus pandemic.

Food will be provided with The government assistance for 80 million migrant workers for the next two months at a cost of 35 billion rupees (463 million dollars), Indian Finance Minister Nirmala Sitharaman told reporters.

The lockdown has cause Millions  of damage, workers have fled Indian cities, often on foot, after losing their jobs.

Thursday’s measures are part of a second tranche of the government’s 266-billion-dollar package to revive an economy reeling from the pandemic fallout.

Alongside measures to help the agricultural sector, a concessional credit line of 264 million dollars will be extended to small farmers. Street vendors will also be eligible for new subsidized bank loans.

The government has spent a further 100 billion rupees since April on a scheme offering work to 23 million unemployed people in rural areas.

The government will also extend subsidy programmes for affordable housing to cover rental housing for migrant workers and the urban poor, Sitharaman added.

The announcement came a day after the Finance Ministry offered emergency collateral-free loans to small and medium-sized businesses.

The monetary and fiscal package is equivalent to 10 per cent of India’s gross domestic product.

Sitharaman said the government had not yet estimated the extent of economic damage caused by the pandemic. (DPA)

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