Atmanirbhar Bharat Abhiyan-Highlights

Highlights of Measures announced by the Finance Minister to help boost the Indian Economy during Covid-19 crisis.

* 3 Lakh crores collateral-free automatic loans for businesses including MSMEs

* 20 thousands crore subordinate Debt for stressed MSMEs

* 50 Thousand Crore equity infusion through MSME Fund of Funds

* Definition of MSMEs revised, necessary changes in law to be done

* Global tender disallowed for Government Procurement upto 200 Crores

* 2,500 Crores EPF support for businesses and workers for 3 months

*6,750 crores infusion by reduction of EPF contribution for businesses and workers for 3 months

* 30,000 crore liquidity faculty for NBFCs/ HCs/ MFIs

* 45,000 crores partial credit Gaurantee Scheme 2.0 for NBFCs

* 90,000 crores liquidity injection for DISCOMs

* Upto 6 months extension to construction and goods and services contractors

* Advisory to states and UTs to extend registration of Completion date of real estate projects RERA

* 50,000 crore liquidity through TDS/TCS reductions

* Due date of income tax returns for FY 2019-20 extended from July 31 and Oct 31 to November 30 2020

* Period of Vivad se Vishwas scheme to be extended to Dec 31, 2020

Leave a Reply

Your email address will not be published. Required fields are marked *