Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  89 SIGNIFICANT MEASURES ANNOUNCED Collateral free Automatic Loans for Businesses including MSMEs (allocation Rs. 3 lakh crore)  BusinessesMSMEs have been badly hit due to COVID 19. As a result businesses need additional funding to meet operational liabilities built up buy raw material and restart business.  To provide working capital to these businesses Emergency Credit Line has been created for BusinessesMSMEs from banks and NBFCs up to 20% of entire outstanding credit as on 29.2.2020. 100% credit guarantee cover will be provided to Banks and NBFCs on both principal amount and interest payable.  The scheme is estimated to aid in resumption of almost 45 lakh units. Measures relating to Employees Provident Fund (EPF) EPF Support for Business & Workers for 3 more months  Under Pradhan Mantri Garib Kalyan Package (PMGKP) payment of 12% of employer and 12% employee contributions has been made into EPF accounts of eligible establishments. This was provided for salary months of March April and May 2020.  The measure increases this support by another 3 months to salary months of June July and August 2020 Shine india monthly magazine buy.  

Shine india monthly magazine