✅ Rs 1.1 lakh crore loan guarantee scheme for COVID affected sectors
✅Additional Rs 1.5 lakh crore for Emergency Credit Line Guarantee Scheme
✅Credit Guarantee Scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs)
(2/9)
✅ Financial support to more than 11,000 Registered Tourists/ Guides/ Travel and Tourism Stakeholders
✅ Free one month Tourist Visa to first 5 lakh tourists
(3/9)
✅Extension of AatmaNirbhar Bharat Rozgar Yojana till 31st March 2022
✅Additional subsidy of Rs. 14,775 crore for DAP & P&K fertilizers
✅Extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) – Free food grains from May to November, 2021
(4/9)
✅Rs. 23,220 crore more for public health with emphasis on children and paediatric care/paediatric beds
✅21 varieties of bio-fortified crop for nutrition, climate resilience and other traits to be dedicated to the nation
(5/9)
✅Revival of North Eastern Regional Agricultural Marketing Corporation (NERAMAC) with package of Rs 77.45 crore
✅Rs. 33,000 crore boost for project exports through National Export Insurance Account (NEIA)
(6/9)
✅Rs. 88,000 crore boost to Export Insurance Cover
✅Rs. 19,041 crore For Broadband to each Village through BharatNet PPP Model
✅Extension of Tenure of PLI Scheme for Large Scale Electronics Manufacturing till 2025-26
(7/9)
✅Rs 3.03 lakh crore for Reform-Based Result-Linked Power Distribution Scheme
✅New Streamlined Process for PPP Projects and Asset Monetization
(8/9)
Snapshot of financial details of the schemes announced yesterday
✅Economic Relief from #COVID19 Pandemic - Rs. 3,76,244 Cr.
✅New Scheme for Public Health - Rs. 15,000 Cr.
✅Impetus for Growth and Employment - Rs. 2,37,749 Cr.
✅Total - Rs. 6,28,993 Cr. #IndiaFightsCorona
(9/9)
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Union Finance Minister Smt. @nsitharaman, Governor for India in @ADB_HQ, participated as a panelist in the Governors' Seminar on the theme 'Policies to Support Asia's Rebound', held as part of 56th #ADBAnnualMeeting, in Incheon, South Korea, today. @IndiainROK
(1/11)
Besides FM Smt. @nsitharaman representing as Governor for India, Ms Sri Mulyani Indrawati, Indonesia; Mr Niels Annen, Germany; Mr Changyong Rhee, Republic of Korea; & @ADBPresident and Chairperson of the Board of Directors also participated. @IndiainROK
(2/11)
FM Smt. @nsitharaman stated that protection of vulnerable sections has been India's prime focus as the government charted its course towards #recovery from the #COVID19 Pandemic. @IndiainROK
(3/11)
Union Finance Minister Smt. @nsitharaman met Mr. Hayashi Nobumitsu, Governor, Japan Bank for International Cooperation #JBIC, on the sidelines of the 56th #ADBAnnualMeeting, in Incheon, today. (1/5)
FM Smt. @nsitharaman encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank, NIIF and lending banks to leverage the strength and complementarities of both countries for facing local, regional and global financial challenges. (2/5)
FM spoke of GoI intiatives towards facilitating #investment, like #PLIs scheme, #NIP, reforms in #GST & Insolvency & Bankruptcy Code #IBC, among others & hoped JBIC will use this enabling environment as an opportunity to expand marine products & seaweed processing in India. (3/5)
Union Finance Minister Smt. @nsitharaman interacted with representatives of major business conglomerates operating in the field of marine products processing, on the sidelines of the 56th #ADBAnnualMeeting, in South Korea, today. (1/4)
Union Finance Minister Smt. @nsitharaman encouraged potential investors to explore opportunities increasing share of value added food products in India’s export. (2/4)
FM also sought to host South Korean entrepreneurs to showcase opportunities at Mega Seaweed Park in Tamil Nadu; marine products’ processing nodes across the 900 km coastline of Andhra Pradesh & high quality soybean cultivated in MP, besides other parts of India. (3/4) @IndiainROK
Union Finance Minister Smt. @nsitharaman had a bilateral meeting with Mr. Masatsugu Asakawa @ADBPresident, Asian Development Bank @ADB_HQ, on the sidelines of the #ADBAnnualMeetings, at Incheon, today. (1/5)
FM Smt. @nsitharaman mentioned that India continues to be the most significant country for ADB’s Sovereign and Non-sovereign operations and also expressed support to @ADB_HQ for #innovative financing mechanisms to #enhance the #LendingCapacity of the bank. (2/5)
Union Finance Minister Smt. @nsitharaman advised ADB to introspect and assess how the bank can effectively #support developing Member Countries. (3/5)
Union Finance Minister Smt. @nsitharaman will lead the Indian delegation to attend Asian Development Bank’s 56th #ADBAnnualMeeting being held in Incheon, South Korea, from May 2-5, 2023. (1/4)
On the sidelines of the #ADBAnnualMeeting, Finance Minister Smt. @nsitharaman will have interaction with global economists and think-tanks, Governors and Finance Ministers of the ADB member countries. (2/4)
The Union Finance Minister will also attend bilateral engagements with countries and international organisations, and interact with global business leaders, investors, and Indian diaspora. #ADBAnnualMeeting (3/4)
Some of the benefits of revised definition of small companies are 👇
👉 No need to prepare cash flow statement as part of financial statement
👉 Advantage of preparing and filing an Abridged Annual Return
👉 Mandatory rotation of auditor not required
(2/4)
👉 An Auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor’s report
👉 Holding of only two board meetings in a year
(3/4)