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FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more

Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept

The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more

Govt’s relief measures focuses on MSMEs to reduce COVID 19 impact

Govt’s relief measures focuses on MSMEs to reduce COVID 19 impactRead more

[Budget 2020] New NIRVIK scheme to provide higher export credit disbursement

FM Nirmala Sitharaman proposes allocation of Rs 27,300 crore for industry and commerce in FY21; and raises Customs Duties on number of productsRead more

[Budget 2020] Budget aims to give boost to MSME sector with number of proposals

MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more

[Budget 2020] FM announces new smart meters scheme; allocates Rs 22,000 crore to power and renewable sector

Smart meters scheme, which is aimed at reducing financial stress of Discoms, will help companies like Secure Meters, HPL Electric & Power Ltd, etcRead more

[Budget 2020] FM announces scheme to boost domestic manufacturing of electronic goods

Aim is to reduce reliance on Chinese imports of electronic components. FM also allocated Rs 8,000 cr for setting up National Mission on Quantum Computing to compete with US and China in this new field Read more

[Budget 2020] Three themes of Budget 2020: Aspirations, Economic development, Caring Society

Focus on agriculture to give boost to agri and food processing machinery and other equipment like solar pumps, solar panels etcRead more

[Budget 2020] Focus on “Network Products” to boost exports, says Economic Survey

Integration of “Assemble in India for the World” into ‘Make In India’ can raise India’s export market share to about 3.5% by 2025 and 6% by 2030 Read more

Budget’s infra focus to give fillip to electrical equipment industry

With the proposed capex of Rs 100 lakh crore over the next 5 years, it will further provide an impetus to infrastructure sector (highways, airports, railways, metros, ports, housing, etc). This will result in continued growth of the electrical equipment industry.Read more

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