In Part-1 of Atma Nirbhar Bharat Abhiyan announcements, government announced measures for Businesses / MSMEs, who have been severely hit by Covid-19, need additional funding to meet operational liabilities built up, buy raw material and restart business.
Key Highlights
- ₹ 1.7 Lakh crore relief package under Pradhan Mantri Garib Kalyan Yojna for the poor
- Issuance of all the pending income-tax refunds up to ₹ 5 Lakh
- Relaxation in Statutory and Compliance matters
- Special finance facilities to NABARD, SIDBI and NHB
- ₹ Lakh crores Collateral free Automatic Loans for Businesses, including MSMEs
- ₹ 20,000 crores Subordinate Debt for Stressed MSMEs
- ₹ 50,000 crores equity infusion for MSMEs through Fund of Funds
- New definition of MSMEs
- Global tender to be disallowed up to ₹ 200 crores
- ₹ 2500 crores EPF support for Business & Workers for 3 more months
- EPF contribution reduced for Business & Workers for 3 months - ₹ 6750 crores Liquidity Support
- ₹ 30,000 crores Special Liquidity Scheme for NBFCs / HFCs / MFIs
- ₹ 45,000 crores Partial Credit Guarantee Scheme 2.0 for NBFCs
- ₹ 90,000 crores Liquidity Injection for DISCOMs
Atma Nirbhar Bharat Abhiyan | Part - 2 : Poor, including migrants and farmers
Atma Nirbhar Bharat Abhiyan | Part - 3 : Agriculture
Atma Nirbhar Bharat Abhiyan | Part - 4 : New Horizons of Growth
Atma Nirbhar Bharat Abhiyan | Part - 5 : Government Reforms and Enablers
