Finance Minister Nirmala Sitharaman is unveiling the second tranche of the government's Rs 20 lakh crore fiscal stimulus. Day 2 will be focusing on the migrant issue, rural economy, and the situation of farmers. Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Nirmala Sitharaman had announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan.
Here are the highlights of Nirmala Sitharaman's announcements on Day 2:
Today's announcements for small traders, small farmers, self-employed people, migrant workers, street vendors, tribals.
For farmers, today we will speak about 2 provisions. There are more, but that will be given in the next few days. Today is just 2. So, please don't think it is just two for farmers - there are more.
Three crore marginal farmers have already benefited from 4 lakh crores. They were also given a moratorium for 3 months not to pay EMIs. In the last 2 months, 25 lakh new kisan cards have been given. This is just to let you know that we have already reached out to marginal farmers.
 
Today announcements are as follows:
Free Food Grains - What is there currently will continue. In addition, even for those who are non-card holders too can avail this 5kg (rice), 5kg (wheat) / 5kg (chana) offer per family. 8 crore people approximately will benefit and government has allocated 3,500 crores. This will be enacted by state governments, and will be valid for the next 3 months.
There is going to be One Nation One Ration Card throughout the country. Anyone, irrespective of where are are - whichever state or UT they are in - can avail ration. The One Nation One Ration Card is already rolled out 83% so far, and will be 100% by March 2021. This will ensure people et their rightful ration in whichever corner of the country they may be.
Affordable rentals - Under PM Awas Yojana, a scheme will start for rental housing scheme, where institution and associations will be asked to make affordable rental housing accommodation on their premises. Also, government will make affordable housing for urban poor, labours and migrants in all states and UTs. This will be constructed on PPP basis. The government is working to ensure a roof on everyone's head.
Sishu loans under MUDRA - for smallest loan takers. Loans of up to 50,000 rupees or lesser - all borrowers will have a 2% interest subversion rate. This will benefit roughly 3 crore people who are beneficiaries under the MUDRA shishu category.
Rs 5,000 crore special credit facility benefit for street vendors. Scheme will be launched within 1 month. This will benefit 50 lakh street vendors across states and UTs.
Housing for the middle-income group - We wish to give the middle income group - the lowest strata of the middle class - between 6 lakh to 18 lakh only - a scheme for subsidised housing is being done. We are now offering a one-year extension of the scheme from March 2020 to March 2021. The scheme would be valued at Rs 70,000 crore. This had already benefitted 3.3 lakh families. The extension of 1 year will benefit another 2.5 lakh middle income families and will generate a sudden demand in the housing sector.
For Tribals: A Rs 600 crore fund for boost to tribal sector work.
For small and marginal farmers, an additional Rs 30,000 crore to the existing 90,000 crore under NABARD. This will help especially in the Rabi season. This will benefit 3 crore farmers

Finance Minister Nirmala Sitharaman is unveiling the second tranche of the government's Rs 20 lakh crore fiscal stimulus. Day 2 will be focusing on the migrant issue, rural economy, and the situation of farmers. Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Nirmala Sitharaman had announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan.
Here are the highlights of Nirmala Sitharaman's announcements on Day 2:
Today's announcements for small traders, small farmers, self-employed people, migrant workers, street vendors, tribals.
For farmers, today we will speak about 2 provisions. There are more, but that will be given in the next few days. Today is just 2. So, please don't think it is just two for farmers - there are more.
Three crore marginal farmers have already benefited from 4 lakh crores. They were also given a moratorium for 3 months not to pay EMIs. In the last 2 months, 25 lakh new kisan cards have been given. This is just to let you know that we have already reached out to marginal farmers.
 
Today announcements are as follows:
Free Food Grains - What is there currently will continue. In addition, even for those who are non-card holders too can avail this 5kg (rice), 5kg (wheat) / 5kg (chana) offer per family. 8 crore people approximately will benefit and government has allocated 3,500 crores. This will be enacted by state governments, and will be valid for the next 3 months.
There is going to be One Nation One Ration Card throughout the country. Anyone, irrespective of where are are - whichever state or UT they are in - can avail ration. The One Nation One Ration Card is already rolled out 83% so far, and will be 100% by March 2021. This will ensure people et their rightful ration in whichever corner of the country they may be.
Affordable rentals - Under PM Awas Yojana, a scheme will start for rental housing scheme, where institution and associations will be asked to make affordable rental housing accommodation on their premises. Also, government will make affordable housing for urban poor, labours and migrants in all states and UTs. This will be constructed on PPP basis. The government is working to ensure a roof on everyone's head.
Sishu loans under MUDRA - for smallest loan takers. Loans of up to 50,000 rupees or lesser - all borrowers will have a 2% interest subversion rate. This will benefit roughly 3 crore people who are beneficiaries under the MUDRA shishu category.
Rs 5,000 crore special credit facility benefit for street vendors. Scheme will be launched within 1 month. This will benefit 50 lakh street vendors across states and UTs.
Housing for the middle-income group - We wish to give the middle income group - the lowest strata of the middle class - between 6 lakh to 18 lakh only - a scheme for subsidised housing is being done. We are now offering a one-year extension of the scheme from March 2020 to March 2021. The scheme would be valued at Rs 70,000 crore. This had already benefitted 3.3 lakh families. The extension of 1 year will benefit another 2.5 lakh middle income families and will generate a sudden demand in the housing sector.
For Tribals: A Rs 600 crore fund for boost to tribal sector work.
For small and marginal farmers, an additional Rs 30,000 crore to the existing 90,000 crore under NABARD. This will help especially in the Rabi season. This will benefit 3 crore farmers