Union Cabinet approves extension of Pradhan Mantri Garib Kalyan Anna Yojana

Union Cabinet on Extension of Pradhan Mantri Garib Kalyan Yojana | EPF contribution

Union Minister Prakash Javadekar on Wednesday stated that in view of the need for continuous support to the poor and needy, the Cabinet has approved the extension of Pradhan Mantri Garib Kalyan Anna Yojana – allocation of additional foodgrain for further 5 months from July to November 2020.

He said that so far, about 74.3 crore beneficiaries have been covered in April, 74.75 crore in May and about 64.72 crore in June 2020. “Cabinet approves extension of time limit for availing the benefits of “Pradhan Mantri Garib Kalyan Yojana” for Ujjwala beneficiaries by three months with effect from 1st July 2020,” he added. He further said that “The time limit has been extended till September for availing the benefits of the scheme. This move will cost Rs 13,500 crores.”

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Pradhan Mantri Garib Kalyan Yojana (PMGKY) aims to provide a safety net to the poor and vulnerable who had been hit the hardest by the pandemic.

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The Cabinet also approved the extension of EPF contribution 24 percent (12 percent employees share and 12 percent employers share) for another 3 months from June to August 2020 under Pradhan Mantri Garib Kalyan Yojana/Aatmanirbhar Bharat. “With a total estimated expenditure of Rs 4,860 crore, this move will benefit over 72 lakh employees,” he said.

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Similarly, the capital infusion of Rs 12,450 cr for 3 Public Sector General Insurance Companies – Oriental Insurance Company Ltd, National Insurance Company Ltd & United India Insurance Company Ltd (including Rs 2500 cr infused in FY 2019-20) has been approved.

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The development of Affordable Rental Housing Complexes (AHRCs) for urban migrants/poor as a sub-scheme under Pradhan Mantri Awas Yojana – Urban, has also been approved by the cabinet.

-PTC News