Rs 5,000 crore credit facility for street vendors, Free food grain supply for migrants for next 2 months: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday announced Rs 5,000- crore special credit facility for nearly 50 lakh street vendors.

The government will launch a special scheme within a month to facilitate easy access to credit, Sitharaman said at a press briefing.

The credit facility will have an initial working capital of up to Rs 10,000.

The scheme will support nearly 50 lakh street vendors and will provide liquidity of Rs 5,000 crore, the Minister said.

She further said migrant workers will get free food grains for the next two months to help them cope with the impact of the COVID-19 lockdown.

  • Free Food grain supply to Migrants for 2 months
  • About 8 crores migrants to benefit from this
  • Rs 3500 Crore will be spent on this intervention for 2 months

Migrants who are neither NFSA or state card beneficiaries in the states they are stationed in, will be provided 5 kg of grains per person and 1 kg chana per family per month for two months, she said.

Sitharaman further announced Rs 30,000 crore additional emergency working capital funding for farmers through NABARD.

“To benefit around 3 crore farmers, mostly small and marginal farmers, Government announces Rs 30,000 crores Additional Emergency Working Capital Funding through NABARD,” the Minister said.

To create job opportunities for Tribals /Adivasis -Plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds, she said.

One Nation One Ration Card – “A technology driven system to be used enabling migrants to access public distribution system from any fair price shop in India by March 2021. Migrant families are not able to access food in other states. This scheme will be enable migrant beneficiary to access Public Distribution System (PDS) from any fair price shop in the country. 67 crore beneficiaries in 23 states covering 83 per cent of PDS population. All states will complete full fair price shop (FPS) automation by March 2021,” said Finance Minister.