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Modi government announces grand economic package worth about Rs 6 lakh crore to support businesses including MSMEs as part of Rs 20 lakh crore Aatmanirbhar Bharat package. Here are the highlights...
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BJP Retweeted
Today’s announcements by FM
@nsitharaman will go a long way in addressing issues faced by businesses, especially MSMEs. The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit.#AatmaNirbharBharatAbhiyanThanks. Twitter will use this to make your timeline better. UndoUndo -
BJP Retweeted
In the wake of COVID-19, today's announcements for MSMEs like provision of collateral free loans, debts & equity, liquidity for NBFCs & support to real estate, Discoms, contractors & other tax measures shows the commitment to create jobs & stimulate economy.
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BJP Retweeted
I thank Hon PM
@narendramodi Ji &@nsitharaman Ji for this holistic package & wide ranging steps to make India#atmanirbharbharat. In this testing time, we have a compassionate & responsive govt under the leadership of our Prime Minister Modi Ji.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
BJP Retweeted
I thank PM
@narendramodi’s government for infusing liquidity of Rs 90,000 crore in DISCOMs, providing Rs 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs and Rs 50,000 crore liquidity through TDS/TCS rate reduction.#AatmaNirbharBharatAbhiyanThanks. Twitter will use this to make your timeline better. UndoUndo -
BJP Retweeted
In these challenging times, to boost Make In India, help our MSMEs and other companies from the, often unfair, competition by foreign giants, Modi government has disallowed global tenders upto Rs 200 crore. A welcome step towards
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BJP Retweeted
Modi govt is doing everything possible to help business sector as they may face financial stress while resuming their businesses. GoI to provide Rs. 2500 crore EPF support for business and workers for 3 more months. This will help about 3.67 lakh units and 72.22 lakh employees.
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BJP Retweeted
Government will also launch a ₹30,000cr Special Liquidity Scheme to help NBFCs / HFCs / MFIs / NBFCs / HFCs /MFIs as they are finding it difficult to raise money in debt markets. This decision will not only provide them liquidity support but also create confidence in the market.
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BJP Retweeted
Modi government to facilitate equity infusion worth Rs 50,000 crore for the MSMEs through Fund of Funds. This will help them expand their size as well as capacity and encourage them to get listed, raise public money through stock exchanges.
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BJP Retweeted
Modi government understands the issues and problems faced by the MSMEs, amidst COVID-19 pandemic. To help them in these stressed times, GoI will facilitate provision of Rs. 20,000 crore as subordinate debt, which will benefit more than 2 lakh MSMEs.
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BJP Retweeted
Modi govt’s decision to provide ₹3 lakh cr collateral-free Automatic Loans to Businesses, including MSMEs, will surely help them meet their operational liabilities, built up due to COVID-19 and resume their business. About 45 lakh units and employees will benefit from this step.
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BJP Retweeted
वीडियो कॉन्फ्रेंसिंग द्वारा
@BJP4India के बिहार, झारखंड एवं उत्तर प्रदेश के महापौर व उप महापौर के साथ COVID-19 की रोकथाम के संदर्भ में चर्चा की। लगभग 10 करोड़ फ़ूड पैकेट्स, फेस कवर्स, PMCaresFund,@SetuAarogya एप को लेकर सभी ने जमीनी स्तर पर बहुत प्रशंसनीय कार्य किया है।pic.twitter.com/VxyqEKo03PThanks. Twitter will use this to make your timeline better. UndoUndo -
Rs. 3 lakh crore Collateral-free Automatic Loans for Businesses, including MSMEs.
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BJP Retweeted
I thank PM
@narendramodi and FM@nsitharaman for these unprecedented steps, targeted at assisting MSMEs, cope with challenges of COVID-19. It reflects PM Modi’s commitment to revive our economy, help small businesses and boost employment.#AatmaNirbharBharatAbhiyanThanks. Twitter will use this to make your timeline better. UndoUndo -
To provide stressed MSMEs with equity support, the government will facilitate the provision of Rs. 20,000 crore as subordinate debt. Two lakh MSMEs are likely to benefit.
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Among other measures, the due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020.
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Date of assessments getting barred on 30 Sept 2020 extended to 31 Dec 2020 & those getting barred on 31 Mar 2021 will be extended to 30 Sept 2021. Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31 Dec 2020.
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Government to infuse Rs 50,000 crore liquidity by reducing rates of TDS, for non-salaried specified payments made to residents, and rates of Tax Collection at Source for specified receipts, by 25% of the existing rates.
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@MoHUA_India will advise States/UTs & their Regulatory Authorities to extend the registration and completion date suo-moto by 6 months for all registered projects expiring on or after 25th March, 2020 without individual applications.#AatmaNirbharBharatAbhiyanpic.twitter.com/f0Yxo9UhK9Thanks. Twitter will use this to make your timeline better. UndoUndo -
In a major relief to contractors, all Central agencies to provide an extension of up to 6 months, without cost to contractor, to obligations like completion of work covering construction and goods and services contracts.
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