Indian Economy News

PRIME MINISTER GARIB KALYAN PACKAGE-PROGRESS SO FAR; Around 42 crore poor people received financial assistance of Rs 53,248 crore under the Pradhan Mantri Garib Kalyan Package

As part of the Rs 1.70 lakh crore (US$ 24.12 billion) Pradhan Mantri Garib Kalyan Package, the Government announced free food grains and cash payment to women and poor senior citizens and farmers. The swift implementation of the package is being continuously monitored by central and state governments. Around 42 crore poor people received financial assistance of Rs 53,248 crore (US$ 7.55 billion) under the Pradhan Mantri Garib Kalyan Package (PMGKP). The progress achieved so far, under various components of PMGKP is as follows:

 

  • Rs 16,394 crore (US$ 2.33 billion) front loaded towards payment of the first instalment of PM-KISAN to 8.19 crore beneficiaries.
  • Rs 10,029 crore (US$ 1.42 billion) credited to 20.05 crore (98.33 per cent) women Jan Dhan account holders as first installment. The number of women PMJDY accounts holders whose accounts have been debited by customer induced transaction under 1st instalment is 8.72 crore (44 per cent). Rs 10,315 crore (US$ 1.46 billion) credited to 20.62 crore (100 per cent) women Jan Dhan account holders with second installment. The number of women PMJDY accounts holders whose accounts have been debited by customer induced transaction under 2nd instalment is 9.7 crore (47 per cent).
  • Total Rs 2,814.5 crore (US$ 399.28 million) disbursed to about 2.81 crore old age persons, widows and disabled persons in two installments. Benefits transferred to all 2.81 crore beneficiaries in two installments.
  • 2.3 crore Building & construction workers received financial support amounting to Rs 4,312.82 crore (US$ 611.83 million).
  • So far 101 lakh MT of food grains have been lifted by 36 States/UTs for April. 36.93 LMT of foodgrains have been distributed, covering 73.86 crore beneficiaries by 36 States/UTs for April 2020. 32.92 LMT of food grains have been distributed, covering 65.85 crore beneficiaries by 35 States/UTs for May 2020. 3.58 LMT of foodgrains have been distributed, covering 7.16 crore beneficiaries by 17 States/UTs for June 2020. 5.06 LMT of Pulses have also been dispatched to various states/UTs.Total 1.91 LMT Pulses have been distributed so far to 17.9 crore household beneficiaries out of 19.4 crore such beneficiaries.
  • Total 9.25 crore PMUY cylinders have been booked under this scheme so far and 8.58 crore PMUY free cylinders already delivered to beneficiaries.
  • 16.1 Lakh members of EPFO has taken benefit of online withdrawal of non-refundable advance from EPFO account amounting to 4,725 crore.
  • Increased rate has been notified w.e.f 01-04-2020.In the current financial year, 48.13 crore person’s man-days of work generated. Further, Rs 28,729 crore (US$ 4.08 billion) released to states to liquidate pending dues of both wage and material.
  • 24 per cent EPF contribution transferred to 59.23 Lakh employees account amounting to 895.09 crore

Scheme

Number of Beneficiaries

Amount (Rs crore)

Amount (US$ billion)

Support to PMJDY women account holders

1st Ins - 20.05 crore (98.3 per cent)

1st Ins - 10,029

1.42

2nd Ins –20.63 crore

2nd Ins – 10,315

1.46

Support to NSAP (Aged widows, Divyang, Senior citizen)

2.81 crore (100 per cent)

1st Ins - 1,407

0.2

 

2nd Ins – 1,407

0.2

Front-loaded payments to farmers under PM-KISAN

8.19 crore

16,394

2.33

Support to Building & Other Construction workers

2.3 crore

4,313

0.61

24 per cent contribution to EPFO

.59 crore

8,95

0.13

Ujjwala

1st Ins – 7.48

8,488

1.2

2nd Ins – 4.48

 

 

TOTAL

42 crore

53,248

7.55

 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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