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
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app