Govt extends credit-linked subsidy scheme up to March 2021 for middle-income group
The government on Thursday extended the credit linked subsidy scheme (CLSS) till March 2021 for lowest strata of middle class people ( who earns between Rs 6-18 lakh annual income). Addressing the media on 2nd tranche of economic stimulus package, Finance Minister Nirmala Sitharaman said, For middle-income group for people between the income of Rs 6 lakh to 18 lakh, the government has extended the credit-linked subsidy scheme up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21."
The last date for anyone wishing to avail the Pradhan Mantri Awas Yojana (PMAY) Credit-Linked Subsidy Scheme (CLSS) scheme was March 31, 2020 but now stands at March 31, 2021. She further said that this will spur job creation and demand in the economy and 2.5 lakh people will benefit from this scheme.
Finance Minister Nirmala Sitharaman today announced a Rs 3.16 lakh crore package comprising free foodgrains for migrant workers, Rs 2 lakh crore concessional credit to farmers and working capital for street vendors in a bid to help those hit hard by the nationwide lockdown. Together with the Wednesday's Rs 5.94 lakh crore package that mostly comprised off-budget credit line and support to small businesses, shadow banks and electricity distribution companies, the government has unveiled over Rs 9 lakh crore plans out of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to heal Asia's third-largest economy that was seen hurtling towards its first full-year contraction in four decades.
Sitharaman said each of the eight crore migrant workers, who had to leave their workplaces after imposition of the lockdown on March 25, will get 5 kg grains and 1 kg pulses free for two months. Also, 50 lakh street vendors who were rendered jobless as the government ordered stay-at-home would be given a working capital loan of Rs 10,000 each to restart businesses.
(With PTI inputs)
