New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that the coronavirus crisis has impacted the small businesses and they are not able to pay their EMIs. To help these small businesses, FM Sitharaman said that the Centre will provide interest subvention of 2 per cent for prompt MUDRA-Shishu Loans payees for a period of 12 months. Also Read - 'Our First Priority Was to Save Lives', Nirmala Sitharaman on Four Rounds of Lockdown
She announced a relief of Rs 1500 crores for MUDRA-Shishu loan payees and said the loan moratorium has already been granted by the RBI. Also Read - How to Get Instant PAN or e-PAN Via Aadhaar Card - Follow These Steps
“As much as Rs 1,500 crore interest subvention would be given for MUDRA-Shishu loans of up to Rs 50,000,” she said. Also Read - Facility of Instant PAN Through Aadhaar Based E-KYC Launched
During her press conference, FM Sitharaman announced assistance for migrant workers at this time of corona crisis, and said free food grains supply will be given to all migrants for next 2 months.
“Free food grains supply will be given to all migrants for the next 2 months. For non-card holders, they shall be given 5kg wheat/rice per person and 1 kg chana per family/month for 2 months. Over 8 crore migrants will benefit from this scheme. The Central government will spend Rs 3500 crores on this scheme,” Sitharaman said.
She also said that the Central government will implement One Nation One Ration Card. She added that the PDS ration cards to be made portable to allow migrant workers to use ration cards across states.
“One Nation One Ration Card will be implemented. Nearly 67 crore beneficiaries in 23 states covering 83% of PDS population will be covered by the national portability by August 2020,” Sitharaman added.