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March 26, 2020

FM Annouce Prime minister gareeb kalyan scheme for poor and EPF

by facelesscompliance in Compliance Law

Prime minister gareeb kalyan scheme, total outlay of Rs 1.70 lakh cr. Package will take care of the welfare concerns of the poor and the disadvantage. Finance Minister Nirmala Sitharaman on the government’s action plan to deal with the economic impact of the Covid-19 pandemic

Insurance for medical workers

Rs.50 Lakh Insurance cover to Workers,Doctors,Nurses and other health service providers!

The total number of novel coronavirus or COVID-19 cases in India are now near 650 with at least 13 dead, including the latest deaths reported in Gujarat and in Jammu and Kashmir

Government announces Rs 50 lakh per person insurance cover for corona warriors

Scheme for Unorganized sector Direct Cash Benefit & Food supply

A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore

Pradhan Mantri Gareeb Kalyan Ann Yojna(for next 3 months):80 cr poor people covered(2/3rd of India’s population), in addition to already allotted 5Kg of rice/wheat per person,an additional 5kg will be free. Additional 1kg pulse (according to regional preference) will be given

Govt to advance first installment of PM Kisan yojana to farmers of Rs 2000 in April. Wage increase under NREGS, from Rs 182 per wage to Rs 202 and will benefit 5 Crore Workers.

The first installment of PM KISAN to be transferred immediately, 8.69 crore farmers to get benefit out of this

3 Crore Senior Citizen will get additional Ex-Gracia Rs.1000 in two instalments in next 3 months.

Cash Transfers to

  • Farmers,
  • MNREGA workers Poor widows, pensioners,
  • Divyaang, Women under Jan Dhan Yojana
  • Women under Ujwala scheme
  • Women in self help groups (livelihood missions) Organised sector
  • workers Construction workers Those under district mineral fund

20 cr women Jan Dhan Account holders to get Rs 500 per month for next three months to help them run their households

Senior citizens over 60 yrs of age, widows and disabled will be given an ex-gratia of Rs 1000 in two installments over next three months. This will benefit 3 crore poor senior citizens, widows & Divyangs

Ujjwala beneficiaries to get free cooking gas (LPG) cylinders in next three months; this will benefit 8.3 crore BPL families

Doubling collateral free loan amount to Rs 20 lakh for women in self help groups. 7 crore households benefit through 63 lakh SHGs

Scheme for Organised Sector

Government will pay EPF contribution for employer and employee for 3 months. For those establishments which have up to 100 employees and 90% employees earn less than Rs 15,000 pm

Workers to be allowed to draw non-refundable advance of 75% from credit in PF a/c or 3 months salary, whichever is lower

EPFO Regulation amended to all non refundable advance up to the limit of 75% or 3 months wages whichever is lower will benefit 4.8 crore workers

Rs 31000 Cr fund to benefit Building&Construction workers, affected by


Know all Income Tax, TDS, GST, MCA etc Statutory and Regulatory Compliance relief as Highlight by FM

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