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New announcements of  Aatma Nirbhar Bharat Abhiyaan

18 Jul    Miscellaneous
Jul 18

New announcements of  Aatma Nirbhar Bharat Abhiyaan

Prime Minister, Mr. Narendra Modi, announced a special economic package of Rs 20 lakh crore.This note summarises the key measures proposed under the economic package.

1.Measures for businesses (including MSMEs)

Financial Highlights

  • Collateral free loans for businesses
  • Corpus for MSMEs
  • Subordinate debt for MSMEs
  • Schemes for NBFCs
  • Employee Provident Fund (EPF)
  • Statutory PF contribution
  • Street vendors

Policy Highlights 

  • Expediting payment of dues to MSMEs
  • Insolvency resolution
  • Disallowing global tenders
  • Reduction in TDS and TCS rates
  • Ease of doing business for corporates

Legislative Highlights

  • Definition of MSME
  • Initiation of insolvency proceedings
  • Amendments to Companies Act, 2013

2.Housing 

Financial Highlights

  • Credit Linked Subsidy Scheme for Middle Income Group (MIG) 

Policy Highlights

  • Support to real estate sector

3.Key Measures Taken by Reserve Bank of India (RBI)

4. Government Reforms

5.Agriculture and Allied sectors
6.Migrant Workers
7. Civil Aviation

8.Defence  
9.Energy 

10.Social Sector

All the announcements of  Aatma Nirbhar Bharat Abhiyaan are explained in detail in the attached PDF file released by the Government of India