15 Jul 2019

Measures related to MSMEsQuick read

Source: PIB (Budget) 

  • Pradhan Mantri Karam Yogi Maandhan Scheme
  • Pension benefits to about three crore retail traders & small shopkeepers with annual turnover less than Rs. 1.5 crore.
  • Enrolment to be kept simple, requiring only Aadhaar, bank account and a self-declaration.
    • Rs. 350 crore allocated for FY 2019-20 for 2% interest subvention (on fresh or incremental loans) to all GST-registered MSMEs, under the Interest Subvention Scheme for MSMEs.
    • Payment platform for MSMEs to be created to enable filing of bills and payment thereof, to eliminate delays in government payments



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