Pradhan Mantri Garib Kalyan Package: Relief for over 33 crore people, Rs 31,235 crore distributed during Coronavirus lockdown
Pradhan Mantri Garib Kalyan Package: Using the digital payment infrastructure, more than 33 crore poor people have been directly given financial assistance of Rs 31,235 crore.
Pradhan Mantri Garib Kalyan Package: Using the digital payment infrastructure, more than 33 crore poor people have been directly given financial assistance of Rs 31,235 crore (as on 22nd April, 2020) under the Pradhan Mantri Garib Kalyan Package (PMGKP) announced by Union Finance Minister Nirmala Sitharaman on 26th March,2020 to protect them from the impact of the lockdown due to COVID 19.
Informing about the development, the Ministry of Finance issued a statement citing, "More than 33 crore poor people received financial assistance of Rs 31,235 crore under the Pradhan Mantri Garib Kalyan Package." The statement went on to add that Rs 10,025 crore disbursed to 20.05 crore to Women Jan Dhan account holders, Rs 1405 crore disbursed to about 2.82 crore old age persons, widows and disabled persons, First installment of PM-KISAN to the tune of Rs 16,146 crore transferred to 8 crore farmers, Rs 162 crore transferred in 68,775 establishments as EPF contribution , benefiting 10.6 lakh employees and 2.17 crore building and construction workers received financial support amounting to Rs 3,497 crore.
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As part of the PMGKP, the Government announced free food grains and cash payment to women and poor senior citizens and farmers. The swift implementation of the package is being continuously monitored by Central and State governments. Finance Ministry, the concerned Ministries, Cabinet Secretariat and PMO are leaving no stone unturned to 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 swift and efficient transfer to the beneficiary. Direct Benefit Transfer (DBT), i.e. transfer that ensures that the amount is directly credited into the account of the beneficiary, eliminates leakage and improves efficiency has been employed. This has also ensured credit to the beneficiary’s account without the need for the beneficiary to physically go to the branch.
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