Prime Minister’s Vision | economic package | 20 lacs crores |

Prime Minister’s Vision 

• Call for  Self-Reliant India Movement.


 • Five pillars of Atmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.


• Special economic and comprehensive package of Rs 20 lakh crores - equivalent to 10% of India’s GDP.


• Package to cater to various sections including cottage industry, MSMEs, labourers, middle class, industries, among others.


 • Bold reforms across sectors will drive the country's push towards self-reliance.


• It is time to become vocal for our local products and make them global.

Comments

Post a Comment

Popular posts from this blog

Businesses including MSMEs

Image
Businesses including MSMEs 1. Rs 3 lakh crores Collateral free Automatic Loans for Business, incl MSME  2. Rs 20,000 crore Subordinate Debt for MSMEs  3. Rs 50,000 cr equity infusion through MSME Fund of Funds 4. New definition of MSMEs  5. Global tender to be disallowed upto Rs 200 crores 6. Other interventions for MSMEs  7. Rs 2500 crores EPF support for Businesses and Workers for 3 more months  8.  EPF contribution reduced for Business & Workers for 3 months- Rs 6750 crores 9.   Rs 30,000 crores Liquidity Facility for NBFC/HCs/MFIs  10. Rs 45,000 cr Partial Credit Guarantee Scheme 2.0 for NBFC  11. Rs 90,000 cr Liquidity Injection for DISCOMs  12. Relief to contractors 13. Extension of Registration and Completion Date of Real Estate Projects under          RERA  14. Rs 50,000 cr liquidity through TDS/TCS reductions  15. Other Direct tax Measures 16. Other Direct Tax Measures
Read more

Pradhan Mantri Garib Kalyan Package (2)

Image
Pradhan Mantri Garib Kalyan Package (2) • Front-loaded Rs 2,000 paid to farmers under existing PM-KISAN to benefit 8.7 crore farmers  • Building and Construction Workers Welfare Fund allowed to be used to provide relief to workers   • 24% of monthly wages to be credited into their PF accounts for next three months for wage-earners below Rs 15,000 p.m . in businesses having less than 100 workers  • Five crore workers registered under Employee Provident Fund EPF to get non-refundable advance of 75% of the amount or three months of the wages, whichever is lower, from their accounts  • Limit of collateral free lending to be increased from Rs 10 to Rs 20 lakhs for Women Self Help Groups supporting 6.85 crore households.  • District Mineral Fund (DMF) to be used for supplementing and augmenting facilities of medical testing, screening etc..
Read more

Measures taken by Reserve Bank of India

Image
Measures taken by Reserve Bank of India • Reduction of Cash Reserve Ratio (CRR) has resulted in liquidity enhancement of ₹1,37,000 crores  • Targeted Long Term Repo Operations (TLTROs) of ₹1,00,050 crore for fresh deployment in investment grade corporate bonds, commercial paper, and non-convertible debentures.  • TLTRO of Rs.50,000 crore for investing them in investment grade bonds, commercial paper, and non-convertible debentures of NBFCs, and MFIs.  • Increased the banks’ limit for borrowing overnight under the marginal standing facility (MSF), allowing the banking system to avail an additional ₹1,37,000 crore of liquidity at the reduced MSF rate.  • Announced special refinance facilities to NABARD, SIDBI and the NHB for a total amount of ₹50,000 crore at the policy repo rate.  • Announced the opening of a special liquidity facility (SLF) of ₹50,000 crore for mutual funds to alleviate intensified liquidity pressures.  • Moratorium of three months on paym...
Read more