FM outlines a tranche of the contours of India’s massive Rs 20 lakh crore fiscal stimulus announced by Prime Minister Narendra Modi.
Addressing the nation on the fiscal stimulus announced by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman said national portability will be achieved in the 'One Nation One Ration Card' scheme by March 2021 across the country.
The announcement was made in her second address describing the contours of the Centre's stimulus measures in view of the economic challenges posed by the COVID-19 lockdown.
The ‘One Nation, One Ration Card’ is a central government initiative that would allow eligible beneficiaries to avail food grains they are entitled to, under the National Food Security Act (NFSA) from any Fair Price Shop (FPS) across the country. They would be able to do so without the need to obtain a new ration card for the new location.
Under the scheme, ration cardholders can get food grains from any ration depo across the nation. "The government aims to achieve 100 percent coverage by March 2021," the Finance Minister said.
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67 crore beneficiaries in 23 states covering 83% of PDS population will be covered by national portability by August 2020. 100% national portability will be achieved by March 2021: Smt @nsitharaman #AatmaNirbharBharatPackage pic.twitter.com/mdMPeewSIq
— NSitharamanOffice (@nsitharamanoffc) May 14, 2020
"Today's second tranche of announcements focuses on migrant workers, street vendors, small traders, self-employed people, small farmers," said Sitharaman
Prime Minister Narendra Modi on Tuesday announced an economic stimulus package of Rs 20 lakh crore to shore up the economy battered by the COVID-19 outbreak, Finance Minister Nirmala Sitharaman on May 13 disclosed the blueprint of the mega package.
The announcements on May 13 included six measures for MSMEs, 2 for EPF, 2 for NBFCs and MFIs, 1 for discoms, 1 for contractors, 1 for real estate sector, and 3 tax measures.
The Finance Minister's announcements also aimed at improving the sagging morale of India's workforce, facing the brunt of a slowing economy and muted corporate earningsFollow all of our coverage on Coronavirus here