FINANCE MINISTER ANNOUNCED 2ND PART OF ECONOMIC RELIEF PACKAGE 2020-21

As part of the Union Government’s Covid-19 economy revival package under Atmanirbhar Bharat Abhiyaan, the Finance Minister, Mrs Nirmala Sitharaman on 14.05.2020 announced short term and long-term economic relief measures. This Part of the Economic reliefs focused on benefiting rural and urban poor, migrants, unorganized workers, street vendors, middle income group, and the needy amongst others. It aims to alleviate the Lockdown-induced misery of migrant labour and street vendors by extending more credit for supporting the needy people. All the following measures highlighting the details are mentioned in a tabular form in the file attached below:

While the economic reliefs provide a balanced approached to resolving the impact of the Pandemic, it offers a clear vision of the future and what India should be. The migrant labourers make a huge contribution to the Indian Economy but their share in the National Income is minimal. These workers require economic protection not only during the Lockdown but also post Lockdown.

Lakshmi Vishwakarma

Associate

The Indian Lawyer & Allied Services

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