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FM Nirmala Sitaraman addresses nation | Coronavirus | Atmanirbhar

“The definition of MSMEs is being changed for their advantage so that they can grow in size and get benefits. Investment limit which defined MSMEs have been revised upwards. Additional criteria being brought in is turnover size – earlier differentiation between manufacturing and service MSMEs will be categorised similarly”

“You are speaking to a responsible Government”

“PM has always been on the side of reform for better ease of living in the country”

Credit guarantee scheme for working capital loans of micro, small and medium enterprises

“45 units to benefit from collateral free loan which will be provided to SMEs with 12 months moratorium”

“Rs 18,000 crore refunds given to tax payers; 14 lakh taxpayers benefitted from clearing of refund dues”

“Government to provide stressed MSMEs with equity support and make use of the provision of Rs 20 Lakh Crore as subordinate debt”

“Collateral free, automatic loans that will give facility upto Rs 3 lakh crore for businesses including SMEs. These have 4 year tenor, valid up to October 31st, 2020”

“Today’s tranche has 14 different measures. Six of these are for MSMEs, two are for EPF, two for NBFCs and MFIs, one to discoms, one to contractors, one real estate, three tax measures,”

“We do have a responsibility towards the poor, needy, the migrants workers, divyang and the aged of the country”

FM says they will be holding press daily

“Beginning today, we will put forth PM’s idea step by step”

“It is take Local brands to global level”

“Atmanirbhar doesn’t mean India is to be an isolationist country”

“Economic package planned to spur the growth, to make India self reliant which is based on 5 pillars- Economy, infrastructure, System, Demography, Demand”

“PM Modi laid out comprehensive vision after consultation with several sections of the society”

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