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The Union Finance Minister, Smt Nirmala Sitharaman announced a package of Rs 1.70 lakh crore under Pradhan Mantri Gareeb Kalyan Yojana within 36 hours from the announcement of the countrywide lockdown. She mentioned that the Finance Ministry designed this package for the front-line COVID-19 warriors and welfare of the people during this pandemic situation.
The government will provide medical insurance coverage of Rs 50 lakh per person nearly to 20 lakh front-line COVID-19 warriors, including Asha workers, sanitary workers, nurses, doctors, and so on.
The financial package benefits have been divided into two forms:
The following are the details of the financial package:
During the Q&A session, Smt Nirmala Sitharaman said that the packages for the MSMEs and other sectors will be announced if/when it’s required. She also stated that the purpose of this package is to make sure that poor people do not starve and have enough cash in their hands.