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Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
20000Cr "Fund of Funds" via Equity infusion,for stressed MSMEs

10000Cr for performing MSMEs

Collateral free loans will be given to MSMEs with 25Cr debt outstanding& or,100Cr turnover

Definition of #MSME changed💪

No distinction between Manufacturing&Service MSMEs

20000Cr to MSMEs via #SubordinatedDebt--So effectively, "Fund of Funds" package is for 50000Cr

#MSME definition earlier was only #Investment based--Now it will be #Turnover based too

Micro definition 👉1cr investment &5Cr turnover

All MSME outstandings to be cleared in 45 days
2500Cr EPF benefit extended till Aug2020

Statutory #PF contribution down from 12% to 10%

For CentralPSUs it will stay at 12%

#EPF liquidity of 6750Cr will benefit 72 lakh employees&3.67 lakh units

No global tender by govt, for procurement till 200Cr

#20lakhcrores #COVIDー19
90000Cr one time infusion for #DISCOMs will be given,via PFC&REC

30000Cr liquidity for #NBFCs, HFCs&MFIs for funding needs of #MSMEs

6month extension to all #PPP modelled govt contractors,for no extra cost/litigation

Force Majeure can be invoked by #RealEstate
25% reduction in #TDS for FY21 is a massive 50000Cr benefit,for middle class

#Refunds to LLPs,Partnerships, Charitable Trusts&Proprietorships to be given immediately

Deadline for FY20 #TaxReturn extended to Nov2020

#VivaadSeVishwaas scheme extended to 31stDec2020

Date of #Assessments, which were getting time barred on Sep30th 2020,will get barred on Dec 31st2020

Those expiring on March31st2020 will get barred on Sep30th2020

#TaxAudit extended from 30th Sep2020,to 31st Oct2020

These extensions imply Ease for #TaxPayers👍

25% reduction in TDS and TCS related impact,best explained by this table via @moneycontrolcom

This reduction coupled with extension of #EPF benefits by 3 more months&reduction in EPF from 12 to 10%,translate into a 50000Cr bonanza for middle class!

#atmanirbharbharat #COVID19
I think,by far,change in definition of #MSMEs will have most far reaching&salubrious impact on MSMEs in medium to long term,as it will👇

Lead to greater investment in fixed assets

More efficient utilisation of scarce capital

Incentivise Service sector MSMEs

#Liquidity infusion by @narendramodi govt👇

#REPO cut by 135 bps in 2019

26thMarch2020-REPO cut by 75 bps,#CRR by 100bps& #TLTRO of 1 lakh Cr

17thApril-TLTRO of 50000Cr &50000Cr #Refinancing for Nabard,Sidbi&NHB

27thApril-50000Cr facility for #MFs

13thMay-30000Cr for #NBFCs
#AatmanirbharBharat 2.0 focusses on #MigrantWorkers,Street Vendors, Tribals,Small Farmers&Self Employed

3Cr farmers availed #DirectSupport& #AgriLoans of 4 lakh Cr

Interest subvention for farmers extended till May31st2020

25 lakh new #KisanCredit holders given loans of 25000Cr
#Liquidity support to #RuralPoor in March&April 2020 by @narendramodi govt👇

63 lakh #AgriLoans of 86600Cr given💪

#Nabard refinanced 29500Cr of loans given by #RRBs

Support of 4200Cr,for #RuralInfra

6700Cr given as #WorkingCapital, for #Procurement of Agri Produce, to States
Measures in March&April 2020 for #UrbanPoor 👇

3 FreeMeals for #UrbanHomeless Shelter

7200 new #SHGs formed

11002Cr #SDRF funds released to States

#RevolvingFunds concept for giving affordable credit,via #PAiSA portal, implemented nationally

10000Cr work support to #Migrants
Steps taken👇

Average #MinimumWage for #MNREGA is up from Rs 182 to Rs 202 per day

14.62 Cr Mandays of work generated

2.33Cr #MigrantWorkers in 1.87 lakh Panchayats were offered work on a single on 13thMay2020💪

44 #LabourLaws consolidated into just 4!
Steps to be taken👇

#MinimumWage concept to be applied nationally

Definition of #InterstateMigrants to chang

#ESIC cover to be mandatory for hazardous units

Reskilling of retrenched workers

ESIC benefit to be given even for firms with less than 10 workers

Concept of #MinimumWage which now applies to only 30% of workers, once made universally applicable across India,will remove regional wage disparities&is massive step to empower #MigrantWorkers 💪

#NationalWageFloor in this direction,will prevent Migrants' exodus from home state!
One Nation One Card, #PortablePDS Cards that will cover 67Cr beneficiaries by Aug 2020,with 100% coverage by 2021,are welcome

Free 5kg Wheat/Rice&1 Kg Chana for 2 months to all migrants&those not covered under State Schemes or National FSA,will help #MigrantWorkers in a big way
5000Cr easy credit for #StreetVendors to benefit 50 lakh vendors💪

For #SHISHU loans under #MUDRA,interest subvention of 2% to be given,post moratorium-1.62 lakh Cr of outstanding loans are there,in SHISHU category

Credit linked #HousingSubsidy scheme extended to 31stMarch2021
Free Food to all migrants for next 2 months at cost of 3500Cr to @narendramodi govt,despite already giving Rs 11002Cr in April 2020 to States,shows #PMCARES

Rs 10000 as working capital per #StreetVendor,is timely

Rs 6000Cr #JobPush for #Tribals,using #CAMPA funds,is great news
Remember,8Cr #MigrantWorkers
will benefit from #FreeFood& #MNREGA support,over 2months

12000 SHGs have already produced 3Cr masks

70000Cr boost for #MiddleClass Housing

2 lakh Cr of #CheapLoans will benefit 2.5Cr #KisanCredit holders &will cover Fishermen&Animal Husbandry,too
People earning Rs6-18 lakh per year can avail of #CreditLinked #HousingSubsidy scheme&this will benefit 2.5 lakh people&lead to 70000Cr of fresh investments into Housing sector💪

Scheme to convert vacant govt funded houses into #Affordable housing complexes is fantastic
Converting vacant govt homes into affordable complexes,will be done via #PPP

Affordable Housing will also be separately launched for #UrbanPoor & #MigrantWorkers,under #PMAawasYojana

#OneNationOneCard which covers 83% of target population&will cover 100% by March2021,is great
#AatmanirbharBharat 3.0

India is largest producer of milk

2nd largest producer of sugarcane, cotton,groundnuts,fruits,vegetables

74300Cr of #MSP agri-purchases made

18700Cr cash transferred to farmers under #PMKisan during #lockdown

6400Cr claims settled under #PMFasalBima
560 lakh litres of milk purchased daily during #lockdown,by cooperatives

In effect,in last 2 months,111Cr litres of additional #MILK, translating into benefit of 4100Cr was procured

242 new #shrimp hatcheries were registered

2Cr farmers have benefitted due to agri measures
Steps to be taken👇

Rs 1 lakh Cr for Cold storage,grain storage,#FPOs&allied work

10000Cr fund for global marketing of local products,via #wellness approach

2 lakh #Micro food enterprises will benefit from #ClusterBased approach aimed at branding, modernisation of techniques💪
20000Cr boost for #Fisheries& allied sectors of which 11000Cr for #Aquaculture&9000Cr for fishing infra

#MarineExports to double in 5 yrs to 1 lakhCr

55 lakh jobs will be created

100% vaccination for 53Cr #Livestock

15000Cr for dairy processing& #Cattlefeed infrastructure
Remember,the 15000Cr #AnimalHusbandry fund for developing #Cattlefeed infra,is over&above the 13300Cr allotted for #vaccination of #livestock,under animal disease control programme

4000Cr for #Herbal cultivation of 10 lakh hectares,including plantation drives across the #Ganga👍
2 lakh #Beekeepers to benefit from 500Cr #Beekeeping fund

500Cr on pilot basis for 6months for #OperationGreens,for subsidising supply of other #perishables,on similar lines as currently applicable to supply of onions,tomatoes&potatoes

50% #Subsidy for storage &transportation💪
#EssentialCommoditiesAct to be amended,including deregulation of cereals&pulses💪

Law to remove barriers on inter state trade,including framework to secure #farmers in #sowing season

Law for assured price& quality,including freedom to sell to retailers at #FairPrice,by farmers
Exporters&food processing companies will not have #StockLimits anymore,barring exceptional circumstances

HUGE step in allowing farmers assured return on produce& freedom to sell inter state or to E-sellers,via E-trade

@narendramodi govt empowers farmers by integrating markets💪
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