Watch: Finance Minister Nirmala Sitharaman briefs media on economic package
4 years, 8 months ago

Watch: Finance Minister Nirmala Sitharaman briefs media on economic package

Op India  

Finance Minister Nirmala Sitharaman addressed media today on the economic package for the Atmanirbhar Bharat Abhiyan. Boost to MSMEs Union Finance Minister Nirmala Sitharaman on Wednesday unveiled the details of the Rs 20 lakh crore economic package under ‘Atmanirbhar Bharat Abhiyan’ announced by Prime Minister Narendra Modi in his address to the nation on Tuesday night. Finance Minister Nirmala Sitharaman said that the Rs 20 lakh crore economic package will focus on land, labour, capital and enterprise. In a major initiative, Finance Minister Nirmala Sitharaman announced Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including Micro, Small and Medium Enterprises.

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Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore
6 days, 21 hours ago

Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore

The Hindu  

Financial Services Secretary M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore. "We are likely to come up with a scheme, which was announced by Finance Minister in her last Budget, that could provide loans up to ₹100 crore without guarantee, if they are …

Top 10 MSME Loan Schemes in India for Growth and Expansion
1 week, 2 days ago

Top 10 MSME Loan Schemes in India for Growth and Expansion

India TV News  

Substantial steps have been taken by the Indian government and financial institutions to provide adequate loans for micro, small, and medium enterprises to foster growth without interruption. 3. Credit Guarantee Fund Scheme for Micro and Small Enterprises Small businesses often lack collateral when applying for loans, making them considered high-risk borrowers, which can result in loan application denials. To assist, …

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal
1 month, 1 week ago

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal

Live Mint  

Commerce and industry minister Piyush Goyal on Thursday said the government is open to offering concessional rates for micro, small, and medium enterprises setting up businesses in industrial townships across the country. Speaking at an event organized by industry body Assocham, Goyal emphasized the government's efforts to simplify business processes, reduce compliance burdens, decriminalize laws, and create a supportive environment …

India: Govt Plans New Financing for MSMEs
1 month, 1 week ago

India: Govt Plans New Financing for MSMEs

Deccan Chronicle  

New Delhi: The Modi-led NDA government is open to exploring some alternate financing models for micro, small, and medium enterprises where the concerned ministry can earmark particular areas in the proposed industrial townships for the MSMEs. The statement of the government comes at a time when small business houses in the country are reportedly facing specific issues in accessing bank …

India: MSMEs Need Boost in Credit Access: Assocham
1 month, 2 weeks ago

India: MSMEs Need Boost in Credit Access: Assocham

Deccan Chronicle  

New Delhi: In order to boost credit access for small and medium businesses in the country, India Inc on Thursday called for enhancing the role of banks and other financial institutions to reach them and address their challenges. Leading industry body Assocham in collaboration with Egrow Foundation, conducted an in-depth study on 'MSMEs facing challenges with a quantitative data of …

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEs
2 months ago

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEs

ABP News  

The Central Government is continuously working to enhance business opportunities across the country. In this regard, the government is soon set to launch a collateral-free term loan scheme for Micro, Small, and Medium Enterprises. Finance Minister Nirmala Sitharaman announced this at the National MSME Cluster Outreach Program in Bangalore. She highlighted that this new credit guarantee scheme will be a …

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model
Trending News
2 months ago

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model

ABP News  

Union Finance Minister, Nirmala Sitharaman, on Saturday said that a new credit assessment model by public sector banks will be rolled out soon. This model will help the Ministry of Micro, Small and Medium Enterprises get collateral-free loans of up to Rs 100 crore. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, the FM said that the problems …

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman
2 months ago

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman

Hindustan Times  

New Delhi: The government is all set to launch a collateral-free term loans scheme for micro, small and medium enterprises to boost their manufacturing capabilities, finance minister Nirmala Sitharaman said on Saturday, adding that the scheme will be placed before the Cabinet soon. Introduction of a new credit guarantee scheme will have to go to the Cabinet “sooner” which will …

MUDRA loan limit hike, credit guarantee scheme for MSMEs
5 months, 3 weeks ago

MUDRA loan limit hike, credit guarantee scheme for MSMEs

New Indian Express  

NEW DELHI: In their efforts to revitalise the ailing MSME sector, the backbone of the Indian economy and creator of crores of jobs, the NDA government has come up with a slew of reforms. Finance Minister Nirmala Sitharaman on Tuesday informed that the government is increasing the limit for MUDRA loans for Micro, Small and Medium Enterprises from Rs 10 …

Gross market borrowing hits Rs 5.77 lakh cr until July this fiscal: Nirmala Sitharaman
1 year, 5 months ago

Gross market borrowing hits Rs 5.77 lakh cr until July this fiscal: Nirmala Sitharaman

India TV News  

The central government has raised over 37% of its FY24 target of gross market acquisition through dated securities in the initial four months, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The central government has wanted to raise net debt assets of Rs 17.99 lakh crore from different sources in 2023-24, basically, to fund its financial deficit, Sitharaman said in …

Mobile app for loan application for street vendors under PM SVANidhi scheme
1 year, 7 months ago

Mobile app for loan application for street vendors under PM SVANidhi scheme

The Hindu  

The Centre on Thursday launched a mobile app for street vendors to ease their loan application process under the PM SVANidhi scheme which completed three years on Thursday. The PM SVANidhi is a micro credit scheme which was launched by the Central government in 2020 to provide handholding support to street vendors, to tide over pandemic-induced economic stress. Union Housing …

Banks sanction ₹23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana
1 year, 9 months ago

Banks sanction ₹23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana

The Hindu  

Banks and financial institutions have sanctioned ₹23.2 lakh crore to more than 40.82 crore beneficiaries under the Mudra Yojana launched to fund the unfunded eight years ago. Pradhan Mantri MUDRA Yojana was launched on April 8, 2015, by Prime Minister Narendra Modi to facilitate easy collateral-free micro-credit of up to ₹10 lakh to non-corporate, non-farm small and micro-entrepreneurs for income-generating …

Centre made cash transfer of ₹2.2 lakh crore under PM-KISAN scheme: FM Nirmala Sitharaman - The Hindu
1 year, 11 months ago

Centre made cash transfer of ₹2.2 lakh crore under PM-KISAN scheme: FM Nirmala Sitharaman - The Hindu

The Hindu  

The government made cash transfer of ₹2.2 lakh crore under the PM-KISAN scheme, Finance Minister Nirmala Sitharaman said on February 1. Presenting the last full Union Budget 2023 of the second term of the BJP-led NDA government ahead of the general elections in 2024, she said the mission of the government is to achieve knowledge-driven economy. Institutional credit in agriculture …

PM Mudra Yojana: Rs 18.60 lakh crore sanctioned in loans in 7 years
2 years, 9 months ago

PM Mudra Yojana: Rs 18.60 lakh crore sanctioned in loans in 7 years

Firstpost  

The scheme was launched on April 8, 2015, by Prime Minister Narendra Modi for providing loans up to Rs 10 lakh to the non-corporate, non-farm small/micro-enterprises New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that more than 34.42 crore loan accounts amounting to Rs 18.60 lakh crore have been opened under Pradhan Mantri Mudra Yojana in the past …

Top 5 government business loan schemes in India in 2022
3 years ago

Top 5 government business loan schemes in India in 2022

India Today  

The Government of India initiates various schemes and policies to bring a change in the economic condition of the country. Here is the list of the top 5 government business loan schemes in 2022: Top 5 government business loan schemes in 2022: MSME Loan Scheme The loan was introduced by the Government of India focusing on the working capital loan …

Cabinet approves implementation of PMKSY scheme, to benefit 22 lakh farmers
3 years, 1 month ago

Cabinet approves implementation of PMKSY scheme, to benefit 22 lakh farmers

Live Mint  

The government has extended the Pradhan Mantri Krishi Sinchayee Yojana, launched in 2015 to improve farm productivity by four years till 2025-26 to complete ongoing projects. The government also approved the Accelerated Irrigation Benefit Programme, Har Khet ko Pani, and watershed development components of the PMKSY for four years to 2025-26. Through the watershed development component, the government envisages the …

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights
3 years, 6 months ago

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights

Firstpost  

Nirmala Sitharaman press latest news: conference Key highlights: Today finance minister has announced, From Rs 23,220 cr for public health to free 5 lakh tourist visas, FM announces 8 major relief measures to boost COVID-affected sectors Addressing a press conference on Monday, Union finance minister Nirmala Sitharaman announced a slew of relief measures including an Rs 1.1 lakh crore loan …

FM Nirmala Sitharaman announces Rs 1.1 lakh crore loan guarantee scheme for Covid-hit sectors
3 years, 6 months ago

FM Nirmala Sitharaman announces Rs 1.1 lakh crore loan guarantee scheme for Covid-hit sectors

India Today  

Finance Minister Nirmala Sitharaman on Monday announced a credit guarantee scheme worth Rs 1.1 lakh crore for Covid-affected sectors. READ: Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements She also said that the interest rate on the new credit guarantee scheme is two per cent below the RBI prescribed rate, with a loan duration of …

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India
3 years, 6 months ago

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India

News 18  

The small-scale business sector, also known as Small and Medium Enterprises sector, contributes around 40% to the total GDP of India. Here are the schemes offered by the government – MSME government business loan scheme – The Government of India launched this scheme as a working capital loan, and an MSME can get a loan sanctioned of Rs. MUDRA business …

PM Modi Asks Banks to Come Out with Innovative Products for Startups, Fintech
3 years, 10 months ago

PM Modi Asks Banks to Come Out with Innovative Products for Startups, Fintech

News 18  

Prime Minister Narendra Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups. Speaking at a webinar on Budget announcements on Financial Services, Modi said to help medium and small businesses during the COVID pandemic, 90 lakh Micro, Small …

Union Budget 2021: Key announcements for MSME sector
3 years, 11 months ago

Union Budget 2021: Key announcements for MSME sector

Hindustan Times  

Union finance minister Nirmala Sitharaman on Monday made a provision of ₹15,700 crore for the Micro, Small and Medium Enterprises sector in the Union Budget 2021-22. The finance minister has earmarked ₹15,700 crore for the MSME sector, which is double the capital expenditure prosed in the budget of 2020-2021. The customs duty on semis, flat, and long products of non-alloy, …

Finance Minister Nirmala Sitharaman announces ₹65,000-cr fertilizer subsidy for farmers
4 years, 2 months ago

Finance Minister Nirmala Sitharaman announces ₹65,000-cr fertilizer subsidy for farmers

The Hindu  

Finance Minister Nirmala Sitharaman on November 12 announced a ₹65,000-crore fertilizer subsidy for farmers as part of her stimulus package to boost the economy. She said ₹65,000 crore is being provided to ensure adequate availability of fertilisers to farmers and to enable timely accessibility of fertilisers in the upcoming crop season. Ms. Sitharaman further said, ₹3,000 crore will be released …

Nirmala Sitharaman announces Rs 2.65 lakh crore Atmanirbhar Bharat package to incentivise job creation, boost real estate
4 years, 2 months ago

Nirmala Sitharaman announces Rs 2.65 lakh crore Atmanirbhar Bharat package to incentivise job creation, boost real estate

Firstpost  

The finance minister also announced a credit guarantee support scheme for the health care sector and 26 sectors stressed due to COVID-19 as well as a Production Linked Incentive worth Rs 1.46 lakh crore for 10 champion sectors Finance Minister Nirmala Sitharaman on Thursday announced a Rs 2.65 lakh crore stimulus package to boost the coronavirus hit-economy and ramp up …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 2 months ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

Sitharaman unveils Atmanirbhar 3.0; tax relief for real estate, jobs creation scheme
4 years, 2 months ago

Sitharaman unveils Atmanirbhar 3.0; tax relief for real estate, jobs creation scheme

India TV News  

Union Finance Minister Nirmala Sitharaman on Thursday rolled out Atmanirbhar Bharat 3.0 stimulus package to boost economy. will make ₹ 6,000 crore equity investment in debt platform of National Investment and Infrastructure Fund, which will help NIIF raise ₹ 1.1 lakh crore by 2025 for financing infrastructure projects 2:08 pm: Differential between circle rate and agreement value in real estate …

Finance Minister announces govt schemes to boost consumer demand
4 years, 3 months ago

Finance Minister announces govt schemes to boost consumer demand

Op India  

Finance Minister Nirmala Sitharaman has announced a slew of measures to stimulate the slowing economy in the wake of coronavirus-induced lockdown. 2nd part of the Modi Govt's plan to boost consumer demand is a one-time restoration of the festival advance for central govt employees through the Special Festival Advance Scheme. LTC cash voucher scheme announced for government employees To spur …

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme
4 years, 5 months ago

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme

Live Law  

The Union Finance Ministry has expanded the scope of the MSME loan scheme announced in the wake of COVID-19 to include professionals like doctors, lawyers, chartered accountants and others, reported the Financial Express.The 3-lakh crore scheme was announced by Finance Minister, Nirmala Sitharaman, in May as part of Government's 'Athmanirbhar package' to help the Micro, Small and. The Union Finance …

Govt launches Rs 5,000-cr special credit facility for street vendors; here's all you need to know about Rs 10,000 loan scheme
4 years, 7 months ago

Govt launches Rs 5,000-cr special credit facility for street vendors; here's all you need to know about Rs 10,000 loan scheme

Firstpost  

In order to revive businesses of street vendors that have taken a serious hit due to the COVID-19 lockdown, the Centre has launched a special micro-credit facility amounting to a total of Rs 5,000 crore that will provide them Rs 10,000 as initial working capital In order to revive businesses of street vendors that have taken a serious hit due …

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur
4 years, 7 months ago

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur

Live Mint  

The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India ‘Atmanirbhar Bharat’, Minister of State for Finance Anurag Thakur said. Only this Sunday, he said, the government on the direction of Prime Minister Narendra Modi announced a comprehensive economic …

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
4 years, 7 months ago

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

Firstpost  

The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs New Delhi: The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from …

PSBs sanction Rs 6.45 lakh crore loans to support MSMEs, other affected sectors
4 years, 7 months ago

PSBs sanction Rs 6.45 lakh crore loans to support MSMEs, other affected sectors

India Today  

Finance Minister Nirmala Sitharaman’s office on Tuesday said in a tweet that Public Sector Banks have sanctioned Rs 6.45 lakh crore in loans to smaller businesses, retail, agriculture and corporate sectors during from March 1 to May 15. A tweet from Finance Minister Nirmala Sitharaman’s office said, “Loans worth over Rs 6.45 lakh crore were sanctioned by PSBs during March …

Create dedicated fund for street vendor loans: microlenders’ body
4 years, 7 months ago

Create dedicated fund for street vendor loans: microlenders’ body

The Hindu  

The industry body for micro-finance institutions, Sa-Dhan, has requested Finance Minister Nirmala Sitharaman to set up a dedicated fund for loans to street vendors under the MUDRA scheme. The Finance Ministry had announced a scheme for street vendors that proposes bank credit facility for initial working capital up to ₹10,000 for each vendor. “With a view to ensuring timely roll-out …

Third tranche of economic package | FM announces plan for ₹1 lakh crore farm infrastructure fund
4 years, 8 months ago

Third tranche of economic package | FM announces plan for ₹1 lakh crore farm infrastructure fund

The Hindu  

With supply chain disruptions during COVID-19 revealing critical gaps in agricultural infrastructure and logistics systems, Finance Minister Nirmala Sitharaman announced plans for a ₹1 lakh crore farm infrastructure fund as part of the Atmanirbhar Bharat Abhiyan stimulus package on Friday. The third tranche of the stimulus package also included plans to strengthen infrastructure in food processing, fisheries, animal husbandry, horticulture, …

Govt to amend Essential Commodities Act; agri foodstuffs to be de-regulated
4 years, 8 months ago

Govt to amend Essential Commodities Act; agri foodstuffs to be de-regulated

India TV News  

Union Finance Minister Nirmala Sitharaman on Friday said that the government would amend Essential Commodities Act to enable better price realization for farmers. Sitharaman said that there was a need to enable better price realization for farmers by attracting investments and making the agriculture sector competitive. Meanwhile, Sitharaman today announced a new financing facility of Rs one lakh crore to …

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure
4 years, 8 months ago

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure

Firstpost  

Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure In a move to strenghten infrastructure in agriculture, Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. 1 lakh crore will be provided for funding Agriculture Infrastructure …

FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers
4 years, 8 months ago

FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman on Thursday announced that all migrant workers will get free food grains for the next two months to help them cope with the impact of the coronavirus lockdown. Sources had told News18 that the package Sitharaman announces today may include loan guarantees of Rs 2 lakh crore to farmers, direct …

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
4 years, 8 months ago

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

Firstpost  

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said Mumbai: The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said. “The measures for MSME through …

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE
4 years, 8 months ago

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

India TV News  

Finance Minister Nirmala Sitharaman on Thursday addressed the media to give further details on Rs 20 lakh crore economic stimulius package announced by PM Modi during his Tuesday's televised address to the nation. Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking …

Opposition terms Centre's economic package 'big disappointment' with nothing for migrants; BJP hails first set of measures
4 years, 8 months ago

Opposition terms Centre's economic package 'big disappointment' with nothing for migrants; BJP hails first set of measures

Firstpost  

The first set of the Centre’s economic relief package unveiled on Wednesday received criticism from Opposition parties, including the Left and TMC, who called the measures a “disappointment” and a “big zero” that has “nothing” for migrant workers. — P. Chidambaram May 13, 2020 While Opposition parties, including the Left and the Trinamool Congress, flayed the government, the ruling BJP …

Equity infusion for MSMEs hailed
4 years, 8 months ago

Equity infusion for MSMEs hailed

The Hindu  

Investors from North Andhra, while hailing the ₹20 lakh-crore stimulus package announced by Prime Minister Narendra Modi, have welcomed the ₹50,000-crore equity infusion for the MSMEs through ‘fund of funds’. CII national council member Gunturu Sivakumar told The Hindu that the package, which was 10% of the GDP, was a very good initiative that laid emphasis on local manufacturing and …

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
4 years, 8 months ago

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

Firstpost  

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman’s first package of details to flesh out Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus More funds to fuel business. There is plenty to celebrate for small and medium scale businesses and other entities covered under Finance Minister Nirmala Sitharaman’s first package of details to flesh out …

15 different measures FM Nirmala Sitharaman announced today
4 years, 8 months ago

15 different measures FM Nirmala Sitharaman announced today

Business Standard  

Finance Minister Nirmala Sitharaman on Wednesday gave details of the Rs 20-trillion package, which PM Modi spoke about a day before in a address to the nation. First for standard MSMEs She announced Rs 3 lakh crore collateral-free automatic loans for small and mid-sized businesses four years. Then, for stressed MSMEs FM announced Rs 20,000 crore worth of subordinate debt-based …

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus
4 years, 8 months ago

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus

ABP News  

New Delhi: First in the series of press briefings over Prime Minister Narendra Modi's mega 'Atmanirbhar Bharat Abhiyan', Finance Minister Nirmala Sitharam on Wednesday unveiled the details of the special economic package worth Rs 20 lakh crore. For MSMEs needing handholding, Government announced Rs 50,000 crore Fund of Funds through mother fund - daughter fund to expand their capacity and …

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class
4 years, 8 months ago

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a series of relief measures spanning across the micro small and medium enterprise, power, real estate sectors, besides providing a slew of temporary changes to the direct tax collection rules. In capital infusions, the government announced a Rs 3 lakh crore collateral-free automatic loan facility for businesses, for which the government would …

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%
4 years, 8 months ago

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%

Firstpost  

On Wednesday, Sitharaman started by saying that she and her team will hold daily press conferences to inform people about a number of responses the Centre has prepared with the aim of bringing the economy back on track. Finance Minister Nirmala Sitharaman on Wednesday held a press conference detailing the Rs 20 lakh crore economic package aimed at creating an …

Nirmala Sitharaman announces revised definition of MSME. Here is what it means
4 years, 8 months ago

Nirmala Sitharaman announces revised definition of MSME. Here is what it means

India TV News  

Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track. In the press briefing, Sitharaman prescribed a new definition for MSME companies, which was a long-pending demand, so that more number of companies …

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs
4 years, 8 months ago

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs. Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses. This will benefit 45 lakh small businesses, she said detailing parts of the …

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs
4 years, 8 months ago

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs

India TV News  

As the country battles coronavirus pandemic, Finance Minister Nirmala Sitharaman has announced Rs 3 lakh crores collateral-free automatic loans for Micro Small Medium Enterprises sector. Her press conference came a day after PM Narendra Modi announced stimulus package of Rs 20 lakh crore to rejuvenate Indian economy battered badly due to coronavirus pandemic. Check out details of the announcement made …

Nirmala Sitharaman press conference on economic package | Top announcements
4 years, 8 months ago

Nirmala Sitharaman press conference on economic package | Top announcements

India TV News  

Finance Minister Nirmala Sitharaman's on Wednesday shared the details of the Rs. 20 Lakh crore economic relief package- equivalent to 10 per cent of India's GDP -- announced by Prime Minister Narendra Modi to soften and to support the economy badly hit by the 50-day lockdown to fight the spread of coronavirus. Sitharaman's press conference comes a day after Prime …

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