With a group of dedicated, research oriented and skilled professionals, we help entrepreneurs and startups to start their business and manage their statutory and legal compliance, at affordable cost


+91 8714176079

Arjuns Arcade, First Floor, SCNRA B Lane, Kowdiar, Kerala 695003

AtmaNirbhar package – For rejuvenating Inidan Economy

After the announcement of 20 Lakh crore economic development package , named AtmaNirbhar package, announced by Prime Miniter Sri. Narendra Modi, Smt. Nirmala Sitharaman Finance Minister, Government of India announced the allocation of funds mentioned in the package from May 13, 2020 till May 170,2020

Following are the details

Collateral free automatic loans to MSMEs, Govt to give 100% credit guarantee cover to banks and NBFCs on principal and interestRs 3 lakh crore
Subordinate Debt to provide equity support to stressed MSMEs, of which govt support to CGTMSE limited to Rs 4,000 croreRs 20,000 crore  
Equity infusion for MSMEs through Fund of Funds, Mother Fund and few Daughter Funds to operate it, govt contribution likely to be Rs 10,000 crore to FoFRs 50,000 crore  
EPF support for business and workers for 3 monthsRs 2,500 crore  
EPF contribution reduced for business and workers for 3 monthsRs 6,750 crore  
Special liquidity scheme for NBFCs/ HFCs/ MFIs, securities issued by them fully guaranteed by govtRs 30,000 crore  
Partial Credit Guarantee Scheme 2.0 for NBFCs, first 20% loss borne by govtRs 45,000 crore  
Liquidity injection by REC and PFC for Power Distribution Companies (Discoms) Rs 90,000 crore  
25% reduction in TDS/ TCS rateRs 50,000 crore  
Free food grain supply to migrants for two monthsRs 3,500 crore  
Interest subvention of 2% for prompt-payees of Mudra-Shishu loansRs 1,500 crore  
Special liquidity scheme to provide Rs 10,000 working capital to 50 lakh street vendorsRs 5,000 crore
Credit-linked subsidy scheme for middle income families (Rs 6-18 lakh a year), with expectations it will lead to Rs 70,000 crore investment in housing industry  Rs 70,000 crore
CAMPA funds to be used by states for afforestation and plantation worksRs 6,000 crore  
Additional emergency working capital funding for farmers through NabardRs 30,000 crore
Concessional credit to 2.5 crore farmers through Kisan Credit CardsRs 2 lakh crore  
Financing facility for agri infrastructure projectsRs 1,00,000 crore  
Scheme for formalisation of Micro Food EnterprisesRs 10,000 crore  
Funding for fishermen through PM Matsya Sampada YojanaRs 20,000 crore  
Animal Husbandry Infrastructure Development Fund to be set upRs 15,000 crore  
Promotion of Herbal CultivationRs 4,000 crore
Beekeeping initiativesRs 500 crore
Operation Green to be extended to all vegetablesRs 500 crore  
MGNREGA gets an additional Rs 40,000 croreRs 40,000 crore
New policy for public sector enterprises, strategic sectors to be notified in which there will be at least one, but not more than four, PSEs in addition to private players.   Involvement of Private Players
Limit of state borrowings increased to 5% of GSDP from 3% of GSDP; but only 0.5% of it (Rs 1.07 lakh crore) can be raised conditionally  Rs 1.07 lakh crore


Gayatri Dhote

Leave a comment

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

şehirler arası nakliyat manisa şehirler arası nakliyat şehirler arası nakliyat şehirler arası nakliyat şehirler arası nakliyat profesyonel evden eve nakliyat ofis taşıma sigortalı evden eve nakliyat istanbul evden eve nakliyat
error: Content is protected !!!