details of the Rs 20 lakh crore economic stimulusKey Takeaways:Tranche has about 15 different measures - six of them for MSMEs two for Employee provident funds two for NBFCs two for MFIs one to discoms three tax related Classified as Others - one to real estate one contractors

1. DETAILS OF THE RS 20 LAKH
CRORE ECONOMIC STIMULUS
KEY TAKEAWAYS:
Tranche has about 15 different
measures -
• six of them for MSMEs
• two for Employee provident
funds
• two for NBFCs
• two for MFIs
• one to discoms
• three tax related
• Classified as Others -
• one to real estate
• one contractors
Rutuja Chudnaik
B. Com (Accounts and Finance, M. Com
(Advanced Accountancy), P.G.D.M.(Finance
Management), Advanced Diploma in
Business Administration

2. 1. COLLATERAL FREE LOAN OF RS 3 LAKH CRORES FOR
THOSE UNITS WITH RS 25 CR OUTSTANDING OR RS
100 CR TURNOVER. TENOR OF 4 YEARS WITH
MORATORIUM.100% CREDIT GUARANTEED. THIS WILL
BENEFIT 45 LAKH UNITS SO THAT THEY RESUME
WORK AND SAVE JOBS.
2. FOR STRESSED MSMES, SUBORDINATE DEBT
PROVISION OF RS 20,000 CR HAS BEEN ANNOUNCED
FOR 2 LAKH MSMES. IT WILL BENEFIT THOSE WHICH
ARE NPAS OR STRESSED MSMES.
3. FOR MSMES THAT ARE VIABLE BUT NEED
HANDHOLDING, A FUND OF FUNDS WITH CORPUS OF
RS 50,000 CR WILL HELP THESE UNITS EXPAND
CAPACITY AND HELP THEM LIST ON MARKETS IF THEY
CHOOSE.
SIX MAJOR
STEPS FOR THE
REVIVAL OF
THE MSME
SECTOR

3. 4. DEFINITION OF MSMES HAS BEEN REVISED TO
ALLOW MSMES TO AIM FOR EXPANSION AND NOT
LOSE BENEFITS. ALSO, THERE'LL BE NO DISTINCTION
BETWEEN MANUFACTURING & SERVICES SECTOR
MSMES.
5. GLOBAL TENDERS WILL BE DISALLOWED UP TO RS
200 CRORE FOR GOVT. CONTRACTS.
6. WILL ENSURE E-MARKET LINKAGES ARE PROVIDED
ACROSS THE BOARD IN THE ABSENCE OF NON-
PARTICIPATION IN TRADE FAIRS DUE TO COVID.
GOVT OF INDIA AND PSUS WILL CLEAR ALL THE
RECEIVABLES IN NEXT 45 DAYS.
SIX MAJOR
STEPS FOR
THE REVIVAL
OF THE
MSME
SECTOR

4. 1. EPF CONTRIBUTION OF RS 2,500 CRORE THAT
WILL BENEFIT 72.22 LAKH EMPLOYEES HAS BEEN
EXTENDED TILL AUGUST.
2. STATUTORY EPF CONTRIBUTION FOR ALL
ORGANISATIONS AND THEIR EMPLOYEES COVERED
BY EPFO HAS BEEN REDUCED TO 10% FROM 12%
EARLIER. THIS DOESN'T APPLY TO GOVT
ORGANISATIONS. THIS WILL INFUSE RS 6,750 CR
LIQUIDITY INTO THESE ORGANISATIONS.
FOR
EMPLOYEES/
ORGANISATION
S

5. FOR NBFCS/ HFCS/ MFIS
1. RS 30,000 CRORE SPECIAL LIQUIDITY SCHEME FOR
INVESTING IN INVESTMENT GRADE DEBT PAPER OF
NBFCS, HFCS AND MFIS. THESE NBFCS ARE THOSE
THAT ARE ALSO FUNDING MSMES. THESE WILL BE
FULLY GUARANTEED BY GOVERNMENT OF INDIA.
2. RS 45,000 CRORE PARTIAL CREDIT GUARANTEE
SCHEME 2.0 FOR NBFCS. THE FIRST 20% LOSS WILL
BE BORNE BY THE GUARANTOR THAT IS
GOVERNMENT OF INDIA.
FOR DISCOMS
A ONE-TIME EMERGENCY LIQUIDITY INJECTION OF
RS 90,000 CRORE AGAINST ALL THEIR RECEIVABLES.
THE STATES WILL GUARANTEE IT.
FOR NBFCS/
HFCS/ MFIS/
DISCOMS

6. 1. DUE DATE OF ALL IT RETURN FILINGS EXTENDED
FROM JULY 31 TO NOVEMBER 30.
A REDUCTION OF 25% OF EXISTING RATES OF TAX
DEDUCTED AT SOURCE (TDS) & TAX COLLECTION AT
SOURCES (TCS) FROM TOMORROW TILL MARCH 31,
2021. THIS WILL RELEASE RS 50,000 CRORES.
2. VIVAAD SE VISHWAS SCHEME EXTENDED TILL
DECEMBER 31,2020
3. DATE OF ASSESSMENTS
DATE OF ASSESSMENTS GETTING BARRED AS ON
SEP 30, 2020 EXTENDED TO DECEMBER 31, 2020
DATE OF ASSESSMENTS GETTING BARRED AS ON
MARCH 31, 2021 EXTENDED TO SEPTEMBER 30,
2021
INCOME TAX

7. 1. AN EXTENSION OF UP TO 6 MONTHS (WITHOUT
COSTS TO CONTRACTOR) TO BE PROVIDED BY ALL
CENTRAL GOVERNMENT AGENCIES LIKE RAILWAYS,
MINISTRY OF ROAD TRANSPORT & HIGHWAYS,
CENTRAL PUBLIC WORKS DEPT.
2. ON REAL ESTATE, URBAN DEVELOPMENT MINISTRY
WILL ISSUE ADVISORY TO STATES/UTS SO THAT THE
REGULATORS CAN INVOKE FORCE MAJEURE. THE
REGULATORS CAN SUO MOTO EXTEND
COMPLETION/REGISTRATION DATES FOR SIX MONTHS
FOR PROJECTS EXPIRING ON OR AFTER MARCH 25,
2020.
OTHER DETAILS

8. THANK YOU
SRJ PROFESSIONALS