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Saturday, October 31, 2020

Pradhanmamtri Garib Kalyan Package Yojana Details Paripatra | StudyAdo

Pradhanmamtri Garib Kalyan Package Yojana Details Paripatra | StudyAdo 

 

Due to COVID-19, lockdown has been extended by the Government of India. To combat the economic impact on the poor and needy, PM Narendra Modi led government on 26 March, 2020 announced ₹1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana (PMGKY). Do you know about PMGKY? Also, let us have a look at the major highlights announced by the FM Nirmala Sitharaman.pradhan mantri garib kalyan yojana 2019,pradhan mantri garib kalyan yojana 500 rs,pradhan mantri garib kalyan package 2020,pradhan mantri garib kalyan yojana apply,pradhan mantri garib kalyan package in the light of covid-19,pradhan mantri garib kalyan yojana upsc,pradhan mantri garib kalyan anna yojana,pm garib kalyan yojana registration.

 


Amid COVID-19 lockdown, the Government of India has announced Rs 20 lakh crore relief package under 'Atma Nirbhar Bharat Abhiyan' to make a self-reliant nation.  For all establishments, EPF relief with Rs 2,500 crore liquidity support.

Pradhan Mantri Garib Kalyan Yojana (PMGKY) was launched by the Government of India in 2016.  Income taxpayers are given an opportunity to forgo prosecution by declaring their illegal money and paying 50% penalty on their unaccounted incomes.

In this way, we can understand that Government came out with the scheme so that black money can be declared to the government at 50% tax rate that is 30% tax, 10% penalty and 33% Pradhan Mantri Garib Kalyan cess on tax. For four years 25% of the income will be locked under the scheme and will be given back without interest on it.

 


As per recent corona relief, ‘Garib Kalyan Package’ announced by the FM Nirmala Sitharaman:


 - Provision to open the bank branches.

- For Building and Construction workers: Central government has given orders to the state government for building and construction workers to use funds of ₹31,000 crores to provide relief to them.

- PMGKY will include the transfers of cash to the poor and migrants.

- Under the PMGKY (food scheme) around 80 crore people will be benefited. Additionally, everyone will get 5 kg of wheat/rice for free of whatever they are already getting. The government will also provide 1 kg of a pulse of their choice to each household for the next three months. In fact, people can take it in two instalments.

- Medical insurance cover of ₹50 lakh per healthcare worker.

- Through the PM-KISAN scheme, farmers are receiving ₹6000 every year. The government now will give first instalment upfront. It is estimated that about 8.69 crore farmers are expected to benefit from this immediately.

 

 

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