I need information on aatmanirbhar bharat on all sectors. my humble request is don't copy from google and paste.
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Finance Minister’s top announcements regarding economic package for Aatmanirbhar Bharat, Day-1
Prime Minister Narendra Modi's strategy for the Aatmanirbhar Bharat was presented by the Finance Minister on Tuesday. Finance Minister made major announcements regarding, MSME, NBFC, TDS, TCS, and much more. ETBFSI has crafted Finance Minister's top 15 announcements.
ETBFSI Updated: May 18, 2020, 16:37 IST
1) Collateral free automatic loans will now be available for MSMEs. This facility is of a total amount of Rs 3 lakh crores. Those MSMEs whose turnover is 100 crore and have 25 crore outstanding loan exposure, are eligible for this facility. The tenor of this loan will be 4 years and a moratorium of 12 months will be provided to the MSMEs availing the offer. 100% credit guarantee on principal and interest will be provided by the government. Available till 31st october and will benefit 45 lakh units. No extra cost or fresh collateral will be required.
2) Subordinate debt worth Rs 20,000 crore introduced for stressed MSMEs. Those companies which are stressed or even an NPA are eligible for this facility. 2 lakh MSMEs are likely to benefit from this.
3) A Fund of funds is being created which will lead to an infusion of 50,000 crore as equity into MSMEs. Those who have potential and are viable companies will benefit from this. This will help them expand their capacities and get listed in the markets which they can choose.
4) Definition of MSMEs being changed in favour of their interest. Many of these firms fear that if they outgrow the designated size, they will lose their favours. Now they do not need to worry about growing in size. Investment limit which defined an MSME is being revised upwards. An additional criteria is also being brought in based on turnover. Differentiation between manufacturing and service MSMEs is being removed and the necessary law amendments will be brought about soon. This is the new definition:
Micro: Investment < 1 crore, Turnover < 5 crore
Small: Investment < 10 crore, Turnover < 50 crore
Medium: Investment < 20 crore, Turnover < 100 crore
5) Global tenders will be disallowed in govt procurement for tenders under Rs 200 crore. This will make MSMEs run their business with much more confidence. Self-reliant India will work hand in hand with Make In India as they will be allowed to participate in government purchases. No competition from foreign companies for tenders under Rs 200 crore.
6) Ensuring that e-market linkage is provided to all MSMEs so that they can find their market in the absence of trade fairs. Within the next 45 days all their receivables will be cleared by the Govt of India and CPSEs.
7) Liquidity relief is being given for EPF establishments. In the 12% of the employer-employee contribution that was being financed by the government under PMGKY, the centre will now extend the support which it gave earlier (from March-May) by another 3 months. 3.6 lakh establishments had benefited from this move. This amounts to a Rs 2,500 crore liquidity support from which 72 lakh employees are to benefit.
8) Statutory PF contribution for those not covered in this earlier point will be reduced from 12 to 10% for the next 3 months. However, for centre and state enterprises, employers will continue to pay 12% but the employee will be given the benefit of paying only 10%. This equates to Rs 6,750 crore liquidity relief for next 3 months.
9) It was duly noted that NBFCs weren't getting enough resources, especially the ones not that highly rated. For this reason, a 30,000 crore special liquidity scheme has now been introduced. The investment will be made in both primary and secondary market transactions in buying investment grade debt papers of NBFCs, MFIs and HFCs. These NBFCs are also funding MSMEs. Hence, this infusion of liquidity is absolutely necessary. This will also be fully guaranteed by the government of India. Aim is to ease the flow of credit for NBFCs who have a "not so good quality" of debt paper in their hands.
10) A 45,000 crore liquidity infusion through Partial Credit Guarantee Scheme is also being done. This is an existing scheme but it is being expanded. First 20% loss will be borne by the government. Even unrated papers will be eligible for investment. This will specifically benefit many MFIs.
Answer:
Micro, Small and Medium Enterprises
Power Distribution Companies
Agriculture and allied sectors
Civil Aviation-
Coal Sector and Minerals
NBFCs/HFCS
Real Estate