K

ey points from FM's Covid19 Relief Package.

‚Äć

‚ÄćMSMEs, NBFC, MFs

Collateral  Free Loan for MSMEs for 4 years with 10 months moratorium; no processing fees-Guaranteed by Government to  Banks - 3 lac crores.

NBFC. HFC, MFs - Special liquidity Scheme - Fully guaranteed by Government - 30000 crores

Corporate

PF of establishments with less than 100 employees and Employees with Gross Salary up to Rs.15000 per month - Employer and Employee PF paid by Central Government.

Govt for June, July, and August

All private establishments Employer and Employee PF contribution only 10% for June, July, August.

Board Meetings, AGMs, can be done through digital media.

‚Äć

Taxation

TDS/TCS cut by 25% up to March 2021- More money in the hands of  Cash or equivalent recipients.

Tax returns and payments for F.Y.2019-20  extended up to Nov 30,,2020.

Others:

Farmers - 25 lakh Kisan credit cards with credit of Rs.25000.

Migrants- Two months of free food supply including non-ration cardholders.

Technology - National Portability of Ration Cards to be completed for the country by March 2021-" One Nation, One Ration".

Middle class - Employees with annual income between 6 lacs and 18 lacs - Credit linked subsidy for interest on Housing loans up to March 2021 .

Education - One Digital channel exclusive for each class 1 to class 12 and online textbooks through e-pathshala.

Posted 
May 19, 2020
 in 
Leadership
 category

More from 

Leadership

 category

View All

Join Our Newsletter and Get the Latest
Posts to Your Inbox

No spam ever. Read our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.