Covid-19 economic assistance package: Full breakup

As on Thursday, coronavirus has killed 16 people in India, and 694 have been affected.

The Centre has announced the first installment of a fiscal relief package worth ₹1.7 lakh crore to deal with the immediate economic distress born out of the coronavirus crisis. Finance Minister Nirmala Sitharaman announced this during a press conference held on Thursday afternoon.

₹50 lakh insurance cover per health worker fighting Covid-19 under insurance scheme. 2.2 million people will be covered

800 million poor people to get 5kg wheat or rice and 1kg of preferred pulses for free every month for the next three months. Each one of them will be provided double of their current entitlement over next three months free of cost

200 million women Jan Dhan account-holders to get ₹500 per month for the next three months

₹202 a day under MGNREGS, up from ₹182 to benefit 136.2 million families

₹1,000 ex gratia to 30 million poor senior citizens, poor widows and poor disabled

87 million farmers will get the first installment of ₹2,000 due in 2020-21 in April 2020 under the PM KISAN Yojana

₹31,000 crore Building and Construction Workers Welfare Fund to be used by states to provide relief to construction workers

What other nations have done

US: $2 trillion disaster aid bill

UK: £330 billion rescue package

Germany: $610 billion lending to firms

France: $335 billion of bank loans

Spain: $220 billion stimulus package

Australia: $84 billion stimulus package