For farm workers in package Covid 19: Rs 30,000 cr emergency fund, Rs 2 lakh cr tax concessions loan.
On Thursday, the government stated a Rs 30,000 crore urgent working capital for small and marginalized farmers. Furthermore, the Government stated a subsidy credit scheme for farmers and fishers for Rs 2 lakh crore.
The Union Finance Secretary Nirmala Sitharaman announced the measures "The additional Rs 30 000 emergency working capital funding by NABARD is available for farmers. NABARD is already expanding the loan for farmers, but it is another fund.
In relation to Rs 90.000 crore funding from the NBARD, which extends the credit for agricultural activities, she said the Fund was provided by the NBARD. Small and marginal farmers in post-harvest rabs and current kharif crops will benefit from this move, the Minister said.
The second tranche of special Covid-19 package, which Prime Minister Narendra Modi declared on Tuesday in his address to the country, was revealed by Sitharaman. Sitharaman. PM Modi claimed that the unique Covid-19 rs 20 lakh crore kit aims to improve India's economy hit by the coronavirus.
Sitharaman also announced a concessional Rs 2 lakh crore loan system for farmers supported by MoS Finance Anuragh Thakur. This concessional loan scheme aims to support 2.5 crore farmers, Sitharaman said, and is extended through Kisan Credit Cards.
She said that a special effort will be made to give PM-Kisan beneficiaries a concessional loan through Kisan credit cards. The scheme applies to fishermen and farmers of livestock.