Atmanirbhar Bharat Abhiyaan: Economy | Infrastructure|Technology|Demography|Demand

MeasuresFeatures
Direct Financial Impact
INR 3 lakh crore earmarked for MSME lendingCollateral-free, automatic route, 4 year tenure, 12m moratorium on principal repayment
INR 20,000 crore debt subordination for stressed MSMEsMSMEs classified as NPAs or stressed, Promoters to receive debt - will deploy into MSME as equity
INR 50,000 crore equity infusion in MSMEs through FoFViable MSMEs can avail equity funding through Mother-daughter funding framework, support to push towards listing
INR 2,500 crore EPF support for business & workersEarlier liquidity facility for EPF contribution (3m) to be extended for another 3 months till salary month of August 2020
INR 6,750 crore EPF liquidity support for employee & employersEPF contribution for organisations & employees mandate reduced from 12% thresholds to 10% - not for government entities
INR 30,000 crore liquidity for NBFCs, HFCs, & MFIsGovernment to transact in primary & secondary market transactions of investment grade debt by these issuers; INR 30,000 crore liquidity for NBFCs, HFCs, & MFIs securities to be guaranteed by Gol
INR 45,000 crore NBFC Partial Credit Guarantee Scheme 2.0NBFCs, HFCs, MFIs - First 20% of loss to be borne by Government of India (guarantor); AA & below rated papers eligible
INR 90,000 crore liquidity injection to DISCOMSPFC/REC to inject liquidity to DISCOMS against receivables; loans against state guarantees for supporting DISCOM liabilities to GENCO's
INR 50,000 crore liquidity release through TDS/TCS rate deductionTDS/TCS reduced by 25% across the board; applicable for rest of 2020-21
Other/Indirect Financial Impact
Change in definition of MSMEsNecessary amendments to increase definition net to offer more headroom to grow while drawing benefit as MSME
Global tenders for government orders curbedGovernment procurement including tender value worth INR 200 cr. to be disallowed for foreign bidder participation
Fast-track receivables from Government & CPSEsAll MSME payments outstanding by government & CPSE to be cleared in 45 days
Extension of six months to contractors; partial release of bank guaranteesBank guarantees to be released to contractors in line with percent of work completed
RERA timeline extensionAll registered projects expiring on or after 25th March 2020 to be automatically extended by 6 months
Tax return due date extensionDue date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020.
Assessment date extensionDate of assessments getting barred on 30th September,2020 extended to 31st December,2020 and those getting barred on 31st March,2021 will be extended to 30th September,2021.
Vivad se Vishvas ExtensionPeriod of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020.

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