Highlights of Union Budget 2019-20 (Part-3)
Friday - July 5, 2019 4:06 pm ,
Category : BUSINESS
New Delhi, July 5 (IANS) Union Finance Minister Nirmala Sitharaman in her
maiden Budget Speech on Friday announced sops for various sectors.The key highlights are as follows:Measures related to MSMEs:* 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 per cent 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.
--IANS in
maiden Budget Speech on Friday announced sops for various sectors.The key highlights are as follows:Measures related to MSMEs:* 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 per cent 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.
--IANS in
