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Wednesday, 13 May 2020

Nirmala Sitharaman made this big announcement for a self-reliant India, find out who got what

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced an economic package of Rs 20 lakh crore. What sectors has the finance minister announced in the meantime? Let's find out which sector got what in the announcement made by the Finance Minister ...

 The finance minister said the package was prepared after a meeting of several sections of the society. This package is given to promote development and create a self-reliant India. This package is based on the Prime Minister's mantra Economy, Infrastructure, System, Demography, Demand.

 Let us know what the Finance Minister has said in his speech.

 Local brands need to be given global recognition.

 Jandhan, Aadhaar and mobile have brought great relief to the poor.

 Money is reaching people's accounts directly through DBT, no one needs to go to the bank.

 The Ujjawala scheme has given women free gas connection.

 The RBI has given loans to the middle class.

 Thirty percent of borrowers took out a mortuary in April.

 The government has already announced the Prime Minister's Poor Welfare Package.

 More than Rs 43,000 crore has been transferred to 41 crore bank accounts.

 71738 MT of lentils have been distributed.

 A tax refund of Rs 18,000 crore has been given to the taxpayers. It will benefit 14,000 crore taxpayers.

 The government announced 6 steps for cottage small scale industries.

 Announcement of Rs 3 lakh crore package for MSMEs

 Cottage industries will get loans without mortgaging

 No guarantee required.

 Loan for 4 years, repayable after 12 months.

 Funds of Funds are provided by the Government.

 Special plan for MSME in difficult situations

 The government changed the definition of MSME

 MSMEs working in the service sector and manufacturing MSMEs have the same status

 Micro-industry status to a company with an investment of Rs 1 crore and a turnover of Rs 5 crore

 Small business status to a company with an investment of Rs 10 crore and a turnover of Rs 50 crore

 20,000 crore relief for distressed MSMEs

 The government tender of Rs 200 crore will not be a global tender

 Any payment due to MSME in government companies will be made within 45 days.

 For the next three months, the government will contribute to the PF account of employees working in these industries whose salary is less than Rs 15,000.

 The government will bear 24 per cent PF contribution of employees, employees in June, July and August 2020.

 The PF contribution is 10-10 per cent instead of 12-12 per cent. However no such provision has been made in government companies.

 30,000 crore liquidity scheme for NBFC

 The government will guarantee a loan to the NBFC, which is facing a shortage of funds

 Electricity distribution companies will get Rs 90,000 crore

 Loans to these companies will be provided by Power Finance Corporation and REC

 The deadline for filing income returns has been extended to November 30.

 The last date for filing the first return was July 31 and October 31.

 Taxpayers get big relief

 25 per cent reduction in TDS rate

 6 months relief to projects registered in RERA

Read to Gujarati

Report by zee24kalak

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