Nirmala Sitharaman announces Rs 3 lakh crore collateral-free loans for MSMEs

13 May, 20 : 05:23 PM

Due date for Income Tax returns for the year 2019-2020 now being extended from July 31 and October 31 to November 30, 2020: FM Nirmala Sitharaman.
 

13 May, 20 : 05:20 PM

Date of assessment getting barred as on September 30, 2020 is now being extended to December 31, 2020. And, those getting barred as on March 2021 is being extended to September 30, 2021: FM Nirmala Sitharaman 
 

13 May, 20 : 05:16 PM

From May 14 to March 31, 2021 TDS and TCS rate has been reduced by 25% of the existing rate and is applicable to all payments. It will release Rs 50,000 crore in the hands of the people instead of paying them as taxes: FM Nirmala Sitharaman.
 

13 May, 20 : 05:13 PM

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: FM Nirmala Sitharaman.
 

13 May, 20 : 05:11 PM

Rs 45,000cr liquidity to be infused in NBFCs through partial credit guarantee scheme: FM Nirmala Sitharaman 

13 May, 20 : 05:09 PM

Electricity distribution companies facing serious crisis; Rs 90,000 crore liquidity infusion for all power distribution companies: FM Nirmala Sitharaman.
 

13 May, 20 : 05:04 PM

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

13 May, 20 : 04:58 PM

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 Nirmala Sitharaman.
 

13 May, 20 : 04:54 PM

Govt of India and Central Public Sector Enterprises will honour every MSME receivable in the next 45 days: Nirmala Sitharaman
 

13 May, 20 : 04:47 PM

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
 

13 May, 20 : 04:46 PM

Investment limit which defined an MSME has been revised upwards to Rs 1 crore as compared to Rs 25 lakh earlier: Sitharaman

13 May, 20 : 04:46 PM

Definition of MSMEs has been revised, investment limit to be revised upwards, additional criteria of turnover also being introduced: Nirmala Sitharaman

13 May, 20 : 04:44 PM

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

13 May, 20 : 04:42 PM

Collateral free loan to be provided to SMEs with 12 month moratorium; 45 lakh units to benefit, says FM
 

13 May, 20 : 04:42 PM

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

13 May, 20 : 04:37 PM

The stressed MSMEs need equity support. The government will facilitate provision of Rs 20,000 crore as subordinate debt, which will benefit 2 lakh MSMEs. Functioning MSMEs, which are NPA or are stressed will be eligible. The government will provide support of Rs 4,000 cr to CGTMSE. - FM Nirmala Sitharaman.
 

13 May, 20 : 04:36 PM

Finance Minister Sitharaman announces Rs 20,000 crore loan for stressed MSMEs.
 

13 May, 20 : 04:36 PM

This loan is for 4 year tenure and is 100 per cent guaranteed. This will last till October 21, 2020. It will benefit 45 lakh units, allowing them to resume activity and safeguarding jobs." - FM Nirmala Sitharaman.

13 May, 20 : 04:35 PM

Collateral-free Automatic Loan for MSMEs

The finance ministry announces 3 lakh crore collateral-free automatic loan for MSMEs.
 

13 May, 20 : 04:32 PM

Booster measures for MSMEs

Here is a snapshot of the booster measures for MSME sector in one image #AatmanirbharBharatpic.twitter.com/tq3mEDLk9k

— PIB India #StayHome #StaySafe (@PIB_India) May 13, 2020

13 May, 20 : 04:31 PM

There is a collateral free, automatic loans that will give facility upto Rs 3 lakh crore for MSMEs: Nirmala Sitharaman
 

13 May, 20 : 04:31 PM

We shall not forget that we do have a responsibility towards the poor, needy, the migrants workers, divyang and the aged of the country : Finance Minister Nirmala Sitharaman
 

13 May, 20 : 04:28 PM

"Beginning today, I shall come with this entire team before you to put out details of PM's vision. We will come with tranches beginning today. We have responsibility towards poor, needy, migrant and divyang (differently-abled)," says Sitharaman.
 

13 May, 20 : 04:28 PM

"The government has responded countless times to your calls. You are speaking to a responsive, sensitive government. Within hours of the lockdown announced by the PM, the Garib Kalyan Yojana was announced," says Sitharaman.
 

13 May, 20 : 04:24 PM

Focus on ease of doing business in India

Focus is on ease of doing business, ease of compliance, and regulation the finance minister said. She added that India will look to build brands and take them to the global level. She clarified that India will not become isolationist.
 

13 May, 20 : 04:22 PM

FM Sitharaman recalls flagship schemes

FM Sitharaman highlights Direct Benefit Transfer based on Jan Dhan Yojana account; PM Awas Yojana; Ujjwala Yojana; Swacch Bharat Abhiyan; PM Fasal Bima Yojana; PM Kisan Yojana, etc schemes to recall the success of Modi government.
 

13 May, 20 : 04:20 PM

The economic package aims to spur growth and make India self-reliant. Self-reliant India is based on 5 pillars- Economy, infrastructure, System, Demography, Demand: FM Nirmala Sitharaman.
 

13 May, 20 : 04:18 PM

Plan to make India confident in its ability : FM Sitharaman

Addressing a press conference to unveil the plan that was outlined by the Prime Minister yesterday, Finance Minister Nirmala Sitharaman said, 'The plan is to make India confident in its abilities not isolate India from the world. We have the ability to contribute to the world as we have seen recently." She added that the integration to global value chain is a part of the plan laid by the Prime Minister.
 

13 May, 20 : 04:12 PM

"The prime minister laid out a comprehensive vision, and that vision was laid out after wide consultations with several sections of the society," says FM Sitharaman.

13 May, 20 : 04:12 PM

The financial package announced by Prime Minister Narendra Modi essentially aims to spur growth and build a very self reliant India, says FM.

13 May, 20 : 04:09 PM

Finance Minister Nirmala Sitharaman Press Conference Begins

FM Sitharaman's press conference starts to announce details of 20 lakh crore economic package.

13 May, 20 : 04:06 PM

This economic package is for our cottage industry, home industry, our small-scale industry, our MSME : PM Modi

This economic package is for our cottage industry, home industry, our small-scale industry, our MSME, which is a source of livelihood for millions of people, which is the strong foundation of our resolve for a self-reliant India. This economic package is for that labourer of the country, for the farmers of the country who are working day and night for the countrymen in every situation, every season. This economic package is for the middle class of our country, which pays taxes honestly and contributes to the development of the country. This economic package is for Indian industries, which are determined to give a boost to the economic potential of India. Starting tomorrow, over the next few days, the Finance Minister will give you detailed information about this economic package inspired by the 'Self-reliant India campaign'. 

13 May, 20 : 04:02 PM

Sensex zooms 637 points to close at 32,009 ahead of finance minister's address; Nifty above 9,350
 

13 May, 20 : 04:01 PM

Finance minister Nirmala Sitharaman to share details of Centre's Rs 20 lakh crore economic package shortly.
 

13 May, 20 : 03:59 PM

In a series of tweets, the finance minister on Tuesday said “this shall not be just a financial package, but a reform stimulus, a mindset overhaul, and a thrust in governance.”“Indian economy has acquired strength in its various dimensions. Now, we can confidently engage with the world. We aim at overall transformation & not incremental changes. We shall convert the pandemic challenge into an opportunity. #AatmanirbharBharat will integrate not isolate,” Sitharaman had tweeted.

#AatmaNirbharBharat does not imply isolationism or becoming exclusionist. We’ll build capacities, skill people and compete globally acquiring strengths. We’ll build the #Local. After all, every global brand began with their #Local strength. We shall integrate with GVCs. @PMOIndia

— Nirmala Sitharaman (@nsitharaman) May 12, 2020