Stimulus Package by FM-Covid_13 May 2020
This is with reference to the measures announced by Government of India on 13 May 2020 to support the Business and MSME sector by providing special packages and reliefs.
Glimpse of the measures and benefits announced
- Definition of MSMEs has been broadened up
- Infusion of INR 3 lakh Crore will MSMEs to restart their business .
- Indian MSMEs can bid government tenders upto 200 crore.
- MSME units would not fear losing the status of MSME due to the increase in Investment limits.