{"id":21129,"date":"2021-07-26T21:28:19","date_gmt":"2021-07-26T15:58:19","guid":{"rendered":"http:\/\/udaen.info\/?p=21129"},"modified":"2021-07-26T21:28:19","modified_gmt":"2021-07-26T15:58:19","slug":"financial-assistance-towards-msmes","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=21129","title":{"rendered":"Financial assistance towards MSMEs"},"content":{"rendered":"
Ministry of Micro,Small & Medium Enterprises<\/div>\n
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Financial assistance towards MSMEs
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Government has taken a number initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic which inter-alia include measures such as :<\/p>\n

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  1. Rs. 20,000 crore Subordinate Debt for MSMEs,<\/li>\n
  2. Rs. 4.5 lakh crore Collateral free Automatic Loans under Emergency Credit Line\u00a0\u00a0 Guarantee Scheme (ECLGS) for businesses, including MSMEs.<\/li>\n
  3. Rs. 50,000 crore equity infusion through MSME Fund of Funds<\/li>\n
  4. Rs.15,000 crore Special Refinancing Facility for Small Industries Development Bank of India (SIDBI) from RBI as a specific response to COVID-19 for on lending\/refinancing purposes<\/li>\n
  5. Credit Guarantee Scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions,<\/li>\n
  6. Rs 30,000 crore Special Liquidity Scheme for NBFCs\/HFC\/MFIs,<\/li>\n
  7. Rs. 90,000 crore partial Credit Guarantee Scheme 2.0 for Liabilities of NBFCs\/MFIs.<\/li>\n<\/ol>\n

    In view of the challenges faced by taxpayers due to the outbreak of Novel Corona Virus (COVID-19), the Government of India has taken several taxation related measures for the industries including MSMEs which inter-alia include measures such as :-<\/p>\n

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    1. extension of various time limits for compliances and statutory actions under the taxation laws<\/li>\n
    2. extension of date for filing declaration under the Direct Tax Vivad se Vishwas Act<\/li>\n
    3. issuance of corporate tax refunds,<\/li>\n
    4. extension of the date of incorporation of eligible start up for claiming deduction under the relevant provisions of income tax act,<\/li>\n
    5. extending the\u00a0 date for making various investment\/payment for claiming deduction under Chapter VIA-B of the Income Tax<\/li>\n
    6. Concessional rates of interest in lieu of the normal rate of interest of 18% per annum for delayed tax payments.<\/li>\n<\/ol>\n

      This information was given by Union Minister for Micro, Small and Medium Enterprises, Shri Narayan Rane in a written reply in the Rajya Sabha.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Ministry of Micro,Small & Medium Enterprises Financial assistance towards MSMEs Government has taken a number initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic which inter-alia include measures such as : Rs. 20,000 crore Subordinate Debt for MSMEs, Rs. 4.5 lakh […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[43],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/21129"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21129"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/21129\/revisions"}],"predecessor-version":[{"id":21130,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/21129\/revisions\/21130"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}