Economic Stimulus-II
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The announced measures also form a part of the ₹20 lakh crore economic stimulus package to deal wi
Reasons for Introduction of CGS:-1
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Though, there was an option to pump liquidity via the banks but banks suspect any new loans due to r
Credit Guarantees to MSMEs
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Description: A Credit Guarantee Schemes (CGS) by the government assures the bank that its loan will
Infusion of Liquidity:-2
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The loans will have a tenure of 4 years and they will have a moratorium of 12 months (that is, the p
Infusion of Liquidity:-1
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Instead of directly infusing money into the economy or giving it directly to MSMEs,the government wi
Liquidity Measures for Medium, Small and Micro Enterprises (MSMEs)
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New Definition of MSMEs: The definition of an MSMEs has been expanded to allow for higher investmen
Global Tenders to be Disallowed:
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Indian MSMEs and other companies have often faced unfair competition from foreign companies and woul
NBFCs, Housing Finance Companies and Microfinance Institutions-1
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Many of these institutions serve the MSME sector financially and will be supported through a Rs.30,0
Salaried Workers and Taxpayers:
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The deadline for income tax returns for the financial year 2019-20 has been extended, with the due d
Economic Stimulus-I
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Recently, the Union Finance Minister announced liquidity measures for businesses, especially Micro,
