Monday 30 March 2020
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business-standard - 4 days ago

Govt hikes MGNREGA wages to help poor tide over lockdown

Union Finance Minister Nirmala Sitharaman on Thursday announced a wage increase under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) amid the lockdown due to the coronavirus crisis in the country. Wage increase from Rs 182 to Rs 202 under MGNREGA will result in an additional income of Rs 2000 and benefit 5 crore families, Sitharaman said at a press conference here.The Union Minister announced that self-help groups (7 crore housesholds covered) will get collateral-free loans doubled to 20 lakh, to increase money in hand.She further added that for establishments which have upto 100 employees and 90 per cent of them earn less than Rs 15,000, the government of India will pay the Employees Provident Fund (EPF) contribution, both of employer and employee, put together it will be 24%, this will be for next 3 months. Sitharaman also said that the Centre is ready to amend the EPF regulations so that workers can draw upto 75 per cent non-refundable advance from credit .


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