FM MSME Ease Package

Finance Minister announced various measures for the MSME sector.

Few of them are mentioned below.

  1. Rs. 3 lakh crores Collateral free Automatic Loans for Business, including MSMEs
  2. Rs 20,000 crore Subordinate Debt for Stressed MSMEs
  3. Rs 50,000 crore equity infusion for MSMEs through Fund of Funds
  4. New definition of MSMEs based on Annual Turnover and Investment
  5. Global tender to be disallowed up to Rs200 crores in Government Procurement
  6. e-market linkage for MSMEs to be promoted
  7. MSME receivables from Govt. and CPSEs to be released in 45 days
  8. Rs 2500 crores EPF support for Businesses and Workers for 3 more months
  9. Rs 6750 crores Liquidity Support through reduction in EPF contribution for Business & Workers for 3 months
  10. Rs. 30,000 crores Special Liquidity Scheme for NBFC/HCs/MFIs
  11. Rs. 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs
  12. Extension of up to 6 months for contractors (without costs to contractor) to be provided by all Central Agencies
  13. Extension of Registration and Completion Date of Real Estate Projects under RERA
  14. Rs. 50,000 crore liquidity through TDS/TCS reductions
  15. Due date of all income-tax return for FY2019-20 will be extended from 31stJuly, 2020 & 31st October, 2020 to 30thNovember, 2020
  16. Vivad se Vishwas Scheme extended to 31st December, 2020

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