For MSME
- Collateral free automatic loan – For MSME with turnover, 4 year tenure with 1 year moratorium and guaranteed – scheme upto 31st October 2020 (Total Rs. 3 lakh crore for 45 lakh MSME)
- Subordinate debt for stressed MSME – Total Rs. 20,000 crore for 2 lakh MSME and 4,000 crore under CGTMSE scheme
- MSME with viable business – Funds of funds with corpus of Rs. 10,000 crores equity for MSME, helping leverage 50,000 crores at Daughter fund level for operations and market listing
- Definition of MSME same for manufacturing and services: (i) Micro – Investment upto Rs. 1 crore or turnover upto Rs. 5 crore (ii) Small – Investment upto Rs. 10 crore or turnover upto Rs. 50 crore (iii) Medium – Investment upto Rs. 20 crore or turnover upto Rs. 100 crore
- For government procurement, tenders upto Rs. 200 crore global tenders will be disallowed
- E-market linkage for all MSME as substitute for trade fairs
Any receivables from Government of India will be received in 45 days.
For EPF
- Extension of support for EPF contribution of employer and employees extended for June, July and August 2020 (organisations upto 100 employees, 90% earning upto Rs. 15,000 pm)
- Statutory EPF contribution for others reduced to 10% (government PSU employers continue at 12%; government employees may contribute 10%)
For NBFCs, Housing Finance Companies and Micro Finance Companies
- Rs. 30,000 crore special liquidity scheme for housing finance and microfinance, fully guaranteed by Government of India
- Rs. 45,000 crore partial credit guarantee scheme 2.0 for NBFCs
DISCOMS (electricity distribution companies): emergency liquidity injection upto Rs. 90,000 crore to pay Gencos, benefiting ultimate consumers via rebate.
Government contracts: 6-month extension to contractors for central government agency contracts.
Real Estate: Urban development ministry advisory to states/UTs to treat COVID-19 as force majeure in contract execution, extension for 6 months.
Direct Tax
- TDS/TCS rates reduced to 25% of existing rates upto 31st March (Rs. 50,000 crore left in people's hands)
- All refunds to charitable trusts and non-corporate businesses/professions issued immediately
- Income tax return filing due date extended from 31st July/31st October to 30th November
- Tax Audit Report extended from 30th September 2020 to 31st October 2020
- AY 2018-19 assessment extended from 30th September 2020 to 31st December 2020
- Vivad se Vishwas scheme extended to 31st December 2020, no additional payment
AY 2019-20 assessment extended from 31st March 2021 to 30th September 2021.