Finance Minister Rolls Out 20 Lakh Crore Package, Here Are The ‘Key Announcements’

Essentially this is to spurt growth and to build a very self reliant India and that is why this whole initiative is called #AtmanirbharBharatAbhiyan: Finance Minister Nirmala Sitharaman. #EconomicPackage pic.twitter.com/Z2VLTpH8i4

— ANI (@ANI) May 13, 2020

Five pillars of 'Atmanirbhar Bharat- economy, infrastructure, system, demography and demand: Finance Minister Nirmala Sitharaman. #EconomicPackage pic.twitter.com/F3mA4QHZgN

— ANI (@ANI) May 13, 2020

Atmanirbhar (self-reliant) India does not mean India is to be an isolationist country: Finance Minister Nirmala Sitharaman pic.twitter.com/PdFq5EWhYx

— ANI (@ANI) May 13, 2020

Beginning today, over the next few days we will come before you (media) with team to put forth PM's vision: Finance Minister Nirmala Sitharaman. #EconomicPackage pic.twitter.com/t6NeWG31Ds

— ANI (@ANI) May 13, 2020

Finance Minister @nsitharaman big announcement for MSMEs. #COVID19Pandemic pic.twitter.com/yuhprh8iOo

— NDTV (@ndtv) May 13, 2020

In a major initiative, we announce Rs 3 lakh crores collateral-free automatic loans for businesses, including SMEs. Borrowers with up Rs 25Cr outstanding and Rs100 Cr turnover are eligible: Finance Minister Nirmala Sitharaman #EconomicPackage pic.twitter.com/56YHRLl1bz

— ANI (@ANI) May 13, 2020

Rs 18,000 cr refunds given to tax payers; 14 lakh taxpayers benefitted from clearing of refund dues, says FM

— Press Trust of India (@PTI_News) May 13, 2020

FM Minister announces collateral free automatic loan facility of Rs 3 lakh crores to MSMEs. Loans will have a four year tenure with 100% guarantee. Available till 31 Oct, 2020. #NirmalaSitharaman #AatmaNirbharBharatAbhiyan

— Live Law (@LiveLawIndia) May 13, 2020

Government to provide stressed MSMEs with equity support; Government will facilitate the provision of Rs. 20,000 Crores as subordinate debt: Finance Minister Nirmala Sitharaman pic.twitter.com/zDAB6O5TrV

— ANI (@ANI) May 13, 2020

This will enable 45 lakh MSME units to resume business activity and also safeguard jobs: FM Sitharaman https://t.co/q6zsXOEYt6

— ANI (@ANI) May 13, 2020

Rs 50,000 cr. Equity infusion for MSMEs through Fund of Funds; to be operated through a Mother Fund and few daughter funds; this will help to expand MSME size as well as capacity. #AtmaNirbharBharatAbhiyan #atmanirbharbharat pic.twitter.com/Y5FMC4TouI

— PIB India (@PIB_India) May 13, 2020

Rs 20,000 cr subordinate debt for stressed MSMEs to be provided; 2 lakh MSMEs to benefited: FM

— Press Trust of India (@PTI_News) May 13, 2020

Definition of MSMEs gets a revision, Investment limit to be revised upwards, additional criteria of turnover also being introduced#AatmanirbharBharat pic.twitter.com/euRNgiPJeB

— PIB India (@PIB_India) May 13, 2020

Global tenders to be disallowed in Government procurement up to Rs 200 crores. This will make self-reliant India, will also then be able to serve 'Make in India': Finance Minister Nirmala Sitharaman pic.twitter.com/X8oi6RifVK

— ANI (@ANI) May 13, 2020

Govt of India and Central Public Sector Enterprises will honour every MSME receivable in the next 45 days: Finance Minister Nirmala Sitharaman pic.twitter.com/UWK3ZgIioP

— ANI (@ANI) May 13, 2020

To ease financial stress as businesses get back to work, Government decides to continue EPF support for business & workers for 3 more months providing a liquidity relief of Rs 2,500 crores: FM Nirmala Sitharaman pic.twitter.com/Pyt511iroh

— ANI (@ANI) May 13, 2020

In order to provide more take home salary for employees and to give relief to employers in payment of PF, EPF contribution is being reduced for businesses & workers for 3 months, amounting to liquidity support of Rs 6750 crores: FM https://t.co/hn4N8oGcAB pic.twitter.com/gIFqHv1oqH

— ANI (@ANI) May 13, 2020

Government launches a Rs 30,000 crore Special Liquidity Scheme for non-banking financial companies, microfinance companies, housing finance companies: FM Sitharaman pic.twitter.com/G4y4mmyeHI

— ANI (@ANI) May 13, 2020

RS 90,000 crore liquidity injection for Power Distribution Companies (DISCOMs): Finance Minister Nirmala Sitharaman pic.twitter.com/pYn2D4DTgK

— ANI (@ANI) May 13, 2020

In a major relief to contractors, all Central agencies to provide an extension of up to 6 months, without cost to contractor, to obligations like completion of work covering construction and goods and services contracts: Finance Minister Nirmala Sitharaman pic.twitter.com/xkdsKobK3Z

— ANI (@ANI) May 13, 2020

Ministry of Housing to advise States/UTs &their Regulatory Authorities to extend registration&completion date suo-moto by 6mnts for all registered projects expiring on or after 25Mar,2020 without individual applications.Treat COVID-19 as an event of 'Force Majeure' under RERA:FM pic.twitter.com/FkocypN8D8

— ANI (@ANI) May 13, 2020

TDS/TCS rates to be reduced by 25% till March 31, 2021: FM pic.twitter.com/kRdS7yG3T9

— ANI (@ANI) May 13, 2020

Due date for Income Tax returns for the year 2019-2020 now being extended from 31st July and 31 Oct to 30 November 2020: FM Sitharaman pic.twitter.com/CtGrhwLScO

— ANI (@ANI) May 13, 2020