Finance Minister Nirmala Sitharaman on Wednesday announced a slew of measures for various sectors, including MSMEs hit by COVID-19-induced lockdown.
* Rs 3 lakh crore emergency working capital facility for businesses, including MSMEs
* Rs 20,000 crore subordinate debt for stressed MSMEs
* Rs 50,000 crore equity infusion through MSME Fund of Funds
* Announces new definition for MSMEs
* No global tenders for govt tenders of up to Rs 200 crore to promote MSMEs
* Extended the EPF support for business, organised workers for another 3 months
* Announces Rs 30,000 crore special liquidity scheme for NBFC/HFC/MFIs
* Rs 45,000 crore partial credit guarantee scheme 2.0 for liabilities of NBFCs/MFIs
* Announces Rs 90,000 crore liquidity injection for stressed discoms
* Relief to contractors given by providing extension of up to six months to complete projects
* Reduction in rates of Tax Deduction at Source, Tax Collected at Source by 25 per cent