ey points from FM's Covid19 Relief Package.
MSMEs, 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.
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.
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