Lock down package via Mudra Bank
As you know India and the world is going through a critical situation. India is on lockdown in March 2020. Now the economy of the entire world is in crisis.
Now Prime Minister Narender Modi has announced the biggest package to grow the economy and today Finance Minister will announce a package of Rs. 20 Lakh Crore to boost up Indian economy. They will focus on the MSME sector and provide maximum relief to those sectors via Mudra Loan ie Mudra Bank.
Govt. is focusing mudra loan because it is a collateral-free loan and covers all sectors. In that segment govt can increase the limit from 10 Lakh to 20 Lakh and a few state governments can provide subsidies to a few sectors.
Subsidy on Mudra loan
Few state govt are planning to provide subsidies on mudra loans so that migrants who have come back due to corona, they can start businesses here and generate jobs & support the economy. The Center is not planning to provide any subsidy. You must contact the State govt & its scheme to get a subsidy on the Mudra Loan.
Start-ups mudra loan
Govt is majorly focussing on start-ups & giving them priority. Because it is small & fastest growing sector which is generating handsome jobs. The investment in start-ups is lesser than the other ventures. The Finance Minister may focus on start-ups today.
MSME is the core of India’s economy and the maximum job-generating sector. The finance minister can give maximum relief to that sector financially with tax benefits. She can reduce the tax slabs & focus on purchasing from MSME only. She can also provide relief to GEM-registered companies.
Around 45 Lakh MSME to get 3 lakh Crore’s loan from 20 Lakh Crore package.
According to sources the April-June wages of employees of MSMEs may be paid from the Employee State Insurance Corporation.
MSMSe are small and medium-sized businesses with investments in equipment not exceeding Rs 10 crores. Small businesses account for nearly a quarter of India’s $2.9 trillion economy and employ more than 50 crore workers, according to government estimates.
Mudra benefits to Hotelier & Tour & Travel Industries
Because of corona, the Hotel and Tour industry has collapsed and there is no hope that it will start in 2020. According to the current scenario & experts, it will take a long time to normalize. Not only the Hotel, and restaurant sector has also been disturbed totally & Lakhs of lakhs migrants are jobless now.
The Finance Minister may also focus on that sector because it is the biggest job-generating sector & mainly two companies Swiggy & Zomato are based only on it.
Apart from that Finance minister can give relaxation to the infrastructure sector, agriculture, Transport, Finance sector, etc.
The main points of Lock Down 4 packages are…
3 Lakhs crore loan package to MSME.
30,000 Crore loan package to NBFC, HFC & MFI.
90,000 Crore loan package to Power Generation companies.
25,000 Crore fund to EPF support business & workers.
45,000 Crore to the Partial credit guarantee scheme of NBFC.
Extension of govt Contract till 6 months.
✅What is the Lock-Down 4 mudra loan package?
Govt. of India is planning to provide financial support to grow the economy & generate jobs via Mudra Loan.
✅What is the LockDown package size?
Govt is releasing around 20 Lakh Crore rupee to grow sectors. They will disburse most of the amount via Mudra Bank.
✅How can apply for a Lockdown package?
Visit your nearest bank branch or to get the benefits of the
✅Which sector will get benefits from the Mudra Bank Lock Down Package?
Mostly all sectors will get a Lockdown package like the infrastructure sector, agriculture, Aviation, Transport, Finance sector, Hotel Industries, Start-ups, etc.
✅Which MSME will get the benefits of the Lockdown package?
Around 45 Lakh MSME with a turnover over up to 100 crore to get the benefits of the lockdown package.
✅Is there any guarantee required for the Lockdown package to MSME?
No, MSME Lockdown package is a collateral-free loan and no guarantee is required for it.
Categories: Mudra Bank Lock Down Package Tags: mudra loan msme package
