#AatmanirbharBharat #COVID19India #IndiaFightsCorona #EconomicPackage #MSMEs
To make India self-sufficient, the central government on Wednesday announced an economic package of Rs 5.94 lakh crore for seven sectors. The highest emphasis was placed on MSMEs in Finance Minister Nirmala Sitharaman's advertisements. A total of Rs 3.70 lakh crore has been earmarked for them. Announced. MSMEs will be given loans of Rs 3 lakh crore without guarantee. The definition of MSME has also changed. Now Rs 100 crore. Companies with a turnover of up to will also be in the range. For 3 months the EPF contribution of the working class will be deducted 10% instead of 12% so that they have more money to spend. Prime Minister Narendra Modi on Tuesday announced a package of Rs 20 lakh crore, of which Rs 12.88 lakh crore has been announced so far. In the coming days, the finance minister will give details of the Rs 7.12 lakh crore package. He was asked to pay Rs 20 lakh crore. Where it will come from, he said there may be a way to borrow but will give full details later.
MSME | 5 major advertisements, Rs 25 crore. The benefit to units with debt up to
1. Collateral free automatic loan of Rs 3 lakh crore
- To whom: 45 lakh units of MSME. Starting work there will save jobs.
- How: Bank and NBFC will be able to give a loan directly. Loans will be available to units with a debt of Rs 25 crore. 100 crore. Have a turnover of up to.
- Since when: As soon as the declaration is issued. The scheme will be in force till October 31, 2020.
2. MSME criteria changed: Industries with an investment of up to Rs 100 crore are also involved
3. E-market will be launched
- MSMEs will have their own market for that. All payments will be cleared in 45 days.
4. 20000 crore subordinated debt fund
- The cash crunch will hit industries struggling. CGTMSE will be given Rs 4,000 crore.
- Who: Units whose accounts have become NPAs or are currently struggling with the cash crunch. According to the industry, there are about 2 lakh such units in the country.
- How: These funds will also be provided by banks.
- Since when: As soon as the declaration is issued.
5. Tenders up to Rs 200 crore not global
- MSMEs can also take advantage of it. MSMEs will be able to take orders by bidding for government tenders.
- The government did not grant the interest waiver. 1 crore The scheme of 2% discount in interest on loans up to was completed on 31st March. MSMEs will now get expensive loans. Rajiv Chawla, Chairman, Integrated Association of MSMEs
- Contractor: 6 months will be allowed to complete the work
- NBFC: Rs 30,000 crore liquidity scheme to be launched
- Electricity companies: Loans can be obtained on the guarantee of state governments
- Real estate: relief to companies, but home waiting will increase 6 months
- Direct Taxes: The date for filing income tax returns has been extended till November 30
To make India self-sufficient, the central government on Wednesday announced an economic package of Rs 5.94 lakh crore for seven sectors. The highest emphasis was placed on MSMEs in Finance Minister Nirmala Sitharaman's advertisements. A total of Rs 3.70 lakh crore has been earmarked for them. Announced. MSMEs will be given loans of Rs 3 lakh crore without guarantee. The definition of MSME has also changed. Now Rs 100 crore. Companies with a turnover of up to will also be in the range. For 3 months the EPF contribution of the working class will be deducted 10% instead of 12% so that they have more money to spend. Prime Minister Narendra Modi on Tuesday announced a package of Rs 20 lakh crore, of which Rs 12.88 lakh crore has been announced so far. In the coming days, the finance minister will give details of the Rs 7.12 lakh crore package. He was asked to pay Rs 20 lakh crore. Where it will come from, he said there may be a way to borrow but will give full details later.
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