Progress of Pradhan Mantri Garib Kalyan Package so far

Progress of Pradhan Mantri Garib Kalyan Package so far

   Kautilya Academy    06-05-2020

PMGKP announced by Union Finance Minister Nirmala Sitharaman on 26 March 2020 to protect poor people from the impact of the lockdown due to COVID-19.

Ministry of Finance stated that around 39 crore poor people received financial assistance of Rs.34,800 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP) as of 5 May 2020. The amount was transferred to the beneficiaries using the digital payment infrastructure.

Highlights:
♦ PMGKP announced by Union Finance Minister Nirmala Sitharaman on 26 March 2020 to protect poor people from the impact of the lockdown due to COVID-19.
♦ The Government announced free food grains and cash payment to women and poor senior citizens and farmers under the scheme. 
♦ The swift implementation of the package is continuously monitored by Central and State governments. 
♦ Central/State governments ensure that the relief measures reach the needy swiftly and in line with the intent of the lockdown.
♦ Fintech and digital technology have been employed for efficient transfer to the beneficiary. 
♦ Direct Benefit Transfer (DBT) ensures that the amount is directly credited into the account of the beneficiary, eliminates leakage, and improves efficiency. It has also ensured credit to the beneficiary's account without the need for the beneficiary to physically go to the branch.

Pradhan Mantri Garib Kalyan Package-Total Direct Benefit Transfer till 5 May 2020:
Support to PMJDY women account holders:
Number of Beneficiaries:

1st Installment - Rs.20.05 crore (98.3%); Amount: Rs.10025 crore
2nd Installment - Rs.5.57 crore; Amount: Rs.2785 crore

Support to NSAP (Aged widows, Divyang, Senior citizen):
Number of Beneficiaries: 2.82 crores (100%)
Amount: 1405 crore

Front-loaded payments to farmers under PM-KISAN:
Number of Beneficiaries: 8.19 crore
Amount: Rs.16394 crore

Support for Building & Other Construction workers:
Number of Beneficiaries: 2.20 crore
Amount: Rs.3493 crore

24% contribution to EPFO:
Number of Beneficiaries 0.45 crore
Amount: Rs.698 crore


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