Details of Tranche-2 of Aatmnirbhar Bharat by the Finance Minister

Details of Tranche-2 of Aatmnirbhar Bharat by the Finance Minister

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman has uploaded the details of Tranche-2 of Aatmnirbharat Bharat Abhiyan to support Indian economy in fight against COVID-19. 

Direct Support to Farmers & Rural Economy provided post COVID

  • 3 crore farmers with agricultural loans of Rs. 4.22 lakhs crore availed the benefit of 3 months loan moratorium.
  • Interest Subvention and Prompt Repayment Incentive on crop loans, due from 1st March, extended up to 31st May, 2020
  • 25 lakh new Kisan Credit Cards sanctioned with a loan limit of Rs. 25,000 cr.
Aatmnirbhar-Bharat-Abhiyan

Liquidity Support to Farmers & Rural Economy provided post COVID

  • 63 lakh loans of Rs. 86,600 crore approved in Agriculture between 1.3.2020 to 30.04.2020.
  • Refinancing of Rs.29,500 crore provided by NABARD, to Cooperative Banks & Regional Rural Banks in March,2020.
  • Support of Rs. 4,200 crore provided under Rural Infrastructure Development Fund to States during March, 2020 for rural infrastructure
  • Working capital limit of Rs. 6,700 crore sanctioned for procurement of agriculture produce to State Government entities since March, 2020
Aatmnirbhar-Bharat-Abhiyan


Support for Migrants and Urban Poor during last 2 months

  • Government of India has permitted State Governments to utilise State Disaster Response Fund (SDRF) for setting up shelter for migrants and providing them food and water etc.
  • Central Government also released Rs 11002 crore of its contribution in advance to all States on 3rd April, to augment funds in their SDRF.
  • Hygienically prepared three meals a day provided for the residents of Shelters for Urban Homeless (SUH) during the lockdown w.e.f March 28, 2020.
  • 12,000 SHGs have produced 3 crore masks and 1.20 lakh litres of sanitizers. This gave additional employment opportunity to the urban poor.
  • Disbursal of Revolving Fund (RF) to Self Help Groups was on-boarded on PAiSA Portal in April 2020 on a pilot basis in Gujarat and is now being rolled out across all the States in May 2020.
  • 7,200 new Self Help Groups of urban poor have been formed during the period starting 15th March, 2020.
Aatmnirbhar-Bharat-Abhiyan

MGNREGS support to returning Migrants

  • 14.62 crore person-days of work generated till 13th May 2020
  • Actual Expenditure till date is around Rs. 10,000 Cr
  • Work offered to 2.33 Crore wage seekers yesterday in 1.87 Lac Gram Panchayats
  • 40-50% more persons enrolled, compared to May last year
  • Average wage rate rose to Rs. 202 from Rs. 182 in last FY
  • Drive being undertaken to enroll returning migrants
  • States/UTs advised to provide works to migrant workers as per the provisions of the Act
  • Planning for continuing MNREGA works in Monsoon as well: plantations, horticulture, livestock related sheds
Aatmnirbhar-Bharat-Abhiyan

Labour Codes - Benefits for Workers

  • Universalization of right of minimum wages and timely payment of wages to all workers including unorganized workers – presently minimum wages applicable to only 30% of workers.
  • Statutory concept of National Floor Wage introduced: will reduce regional disparity in minimum wages.
  • Fixation of minimum wages simplified, leading to less number of rates of minimum wages and better compliance.
  • Appointment letter for all workers- this will promote formalization.
  • Annual Health Check-up for employees.
  • Occupational Safety & Health (OSH) Code also applicable to establishments engaged in work of hazardous nature even with threshold of less than 10 workers.
Aatmnirbhar-Bharat-Abhiyan

Labour Codes - Benefits for Workers

  • Definition of inter-state migrant worker modified to include migrant workers employed directly by the employer, workers directly coming to destination State of their own besides the migrant workers employed through a contractor.
  • Portability of welfare benefits for migrant workers.
  • Extension of ESIC coverage pan-India to all districts and all establishments employing 10 or more employees as against those in notified districts/areas only.
  • Extension of ESIC coverage to employees working in establishments with less than 10 employees on voluntary basis.
  • Mandatory ESIC coverage through notification by the Central Government for employees in hazardous industries with less than 10 employees.
Aatmanirbhar-Bharat-Abhiyan

Labour Codes - Benefits for Workers

  • Social Security Scheme for Gig workers and Platform workers.
  • Re-skilling fund introduced for retrenched employees.
  • All occupations opened for women and permitted to work at night with safeguards.
  • Provision for Social Security Fund for unorganised workers.
  • Gratuity for Fixed Tem Employment - Provision of gratuity on completion of one year service as against 5 years.
Aatmnirbhar-Bharat-Abhiyan

Measures announced Yesterday


A number of measures were announced yesterday for Businesses in general and MSMEs in particular. The measures which will help all businesses are listed again for your understanding:
  • Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs
  • No Global tenders for Government tenders of upto Rs 200 crore
  • Extending EPF Support for business and organised workers for another 3 months for salary months of June, July and August 2020 - will provide liquidity for workers in MSME and other Businesses
  • EPF Contribution reduced for Employers and Employees for 3 months to 10% from 12% for all establishments for next 3 months for workers not covered by Govt support under PMGKP and its extension – will also help middle class employees - will provide liquidity for workers in MSME and other Businesses
  • Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements
  • Tax relief to business as pending income tax refunds to charitable trusts and non-corporate businesses and professions to be issued immediately
  • Reduction in Rates of ‘Tax Deduction at Source’ and ‘Tax Collected at Source” by 25% for the remaining period of FY 20-21 and Due Dates for various tax related compliances extended - will benefit all businesses.
Aatmanirbhar-Bharat-Abhiyan

Free Food grain Supply to Migrants for 2 months

  • Migrants in various states require food-grain assistance
  • Migrants who are neither NFSA or State Card beneficiaries in the state they are stationed will be provided 5 kg of grains per person and 1 kg Chana per family per month for two months
  • About 8 crores migrants are expected to benefit.
  • Rs. 3500 Crore will be spent on this intervention for 2 months
  • Cost will be fully borne by Government of India
  • State Governments responsible for implementation, identification of migrants and full distribution and providing detailed guidelines
Aatmnirbhar-Bharat-Abhiyan

Technology Systems to be used enabling Migrants to access Public Distribution System (Ration) from any Fair Price Shop in India by March 2021 - One Nation One Ration Card

  • Migrant families are not able to access food in other states.
  • This scheme will enable a migrant beneficiary to access Public Distribution System from any Fair Price Shop in the country (Intra-State portability introduced in 20 States)
  • Part of the PM’s Technology Driven System Reforms
  • 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
  • All the States/UTs will complete full FPS automation by March, 2021
Aatmnirbhar-Bharat-Abhiyan

Affordable Rental Housing Complexes (ARHC) for Migrant Workers / Urban Poor


Migrant labour/urban poor face challenges in getting houses at affordable rent.
Government will launch a scheme under PMAY for migrant labour/urban poor to provide ease of living at affordable rent by,
i. Converting government funded housing in the cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire;
ii. Incentivizing manufacturing units, industries, institutions, associations to develop Affordable Rental Housing Complexes (ARHC) on their private land and operate; and
iii. Incentivizing State Government Agencies / Central Government Organizations on the similar lines to develop Affordable Rental Housing Complexes (ARHC) and operate. Ministry will issue detailed guidelines.

Aatmanirbhar-Bharat-Abhiyan

Rs. 1500 crores Interest Subvention for MUDRA-Shishu Loans

  • Small businesses under MUDRA have been disrupted the most & has also impacted their capacity to pay EMIs.
  • Loan moratorium has already been granted by RBI
  • The current portfolio of MUDRA-Shishu loans is ~ Rs 1.62 Lakh crore (Maximum loan amount of Rs.50,000).
  • Government of India will provide Interest subvention of 2% for prompt payees for a period of 12 months.
  • Relief of Rs 1500 cr to MUDRA-Shishu loanees
Aatmnirbhar-Bharat-Abhiyan

Rs 5000 cr Special Credit Facility for Street Vendors

  • Adverse impact on the livelihoods of the street vendors due to COVID-19
  • Government will launch a special scheme within a month to facilitate easy access to credit to street vendors.
  • Initial working capital up to Rs. 10,000.
  • Digital payments will be incentivized through monetary rewards and enhanced working capital credit would be made available for good repayment behavior.
  • Will support nearly 50 lakh street vendors
  • Will provide liquidity of Rs 5000 crores
Aatmanirbhar-Bharat-Abhiyan

Rs 70,000 crore boost to housing sector and middle income group through extension of CLSS

  • Credit Linked Subsidy Scheme for Middle Income Group (Annual Income: Rs 6–18 lakhs) was operationalized from May 2017.
  • CLSS was extended up to 31st March 2020
  • Scheme has benefitted 3.3 lakh middle class families so far.
  • Government will extend the CLSS Scheme up to March 2021.
  • 2.5 lakhs middle income families will benefit during 2020-21
  • Will lead to Investment of over Rs.70,000 Crores in housing
  • Will create jobs
  • Will stimulate demand for steel, cement, transport and other construction materials.
Aatmanirbhar-Bharat-Abhiyan

Rs 6000 crore employment push using CAMPA funds

  • There is need to create job opportunities for our citizens
  • Compensatory Afforestation Management & Planning Authority (CAMPA) set up under Compensatory Afforestation Fund Act, 2016
  • Plans worth Rs 6000 crores will be approved shortly.
  • Funds to be used by State Governments for-
  • Afforestation and plantation works, including in urban areas
  • Artificial regeneration, assisted natural regeneration
  • Forest management, soil & moisture conservation works
  • Forest protection, forest and wildlife related infrastructure development, wildlife protection and management etc
  • Will create job opportunities in urban, semi-urban and rural areas.
  • Will create job opportunities for Tribals /Adivasis 
Aatmanirbhar-Bharat-Abhiyan

Rs 30,000 crores Additional Emergency Working Capital Funding for farmers through NABARD

  • Inadequate financial resources with Small and Marginal Farmers
  • RRBs and Rural Cooperative banks are main source for credit
  • NABARD will extend additional refinance support of Rs. 30,000 crore for crop loan requirement of Rural Co-op Banks & RRBs.
  • This is over and above Rs 90,000 crore to be provided by NABARD through the normal refinance route during this year
  • Front-loaded on-tap facility to 33 State Co-operative banks, 351 District Co-operative banks and 43 RRBs available on tap based on their lending .
  • To benefit around 3 crore farmers - mostly small and marginal farmers.
  • To meet post harvest (Rabi) & current Kharif requirement in May/June
Aatmanirbhar-Bharat-Abhiyan

Rs 2 lakh crore Concessional credit boost to 2.5 crore farmers through Kisan Credit Cards

  • Special drive to be undertaken to provide concessional credit to PM-KISAN beneficiaries through Kisan Credit Cards
  • Fishermen and Animal Husbandry farmers will also be included in this drive.
  • This will enable such farmers to gain access to institutional credit at concessional interest rate
  • 2.5 crore farmers will be covered and will benefit from credit flow of about Rs 2 lakh crores
Aatmanirbhar-Bharat-Abhiyan

Source: PIB

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