The Highlights of Aatma Nirbhar Bharat Abhiyaan Package

The Highlights of Aatma Nirbhar Bharat Abhiyaan Package

  • FM announced collateral-free loans worth ₹3 lakhs for Micro, Small & Medium Enterprises (MSMEs) that have a turnover up to ₹100 crores till October 31, 2020.

  • To benefit around 2 lakh MSMEs that have the problem of equity, ₹20,000 crores will be provided.

  • The definition of MSMEs has been revised. As per the new definition, there is no differentiation between a service sector company and manufacturing company.

  • Any company that will have an investment up to ₹1 crore and turnover of ₹5 crores will be a micro company from an investment of ₹10 lakhs for a service sector company and ₹25 lakhs for a manufacturing company.

  • A company with an investment of up to ₹20 crores and turnover of ₹100 crores has been defined as a medium company from an investment of ₹10 crores and a turnover of ₹50 crores.

  • Central government and PSUs will complete all the pending payments to MSMEs within 45 days.

  • The central government will pay EPF contributions for 3 more months to benefit over 72 lakh employees.

  • TDS and TCS rates have been slashed by 25 per cent with effect from today till the end of this financial year, i.e. March 31, 2021.

  • All pending refunds to non-profit trusts and non-corporate business entities and professions will be issued immediately.

  • Due date of all income tax returns has been extended from July 31 and October 31 to November 30, 2020.

  • Stressed NBFCs/HFCs/MFIs are announced a special liquidity scheme worth ₹30,000 crores.

  • Partial credit guarantee scheme has been announced for NBFCs ₹45,000. The MSMEs government will bear the first 20 per cent loss under this scheme.

  • Power Distribution Companies are announced an emergency liquidity support worth ₹90,000.

  • Contractors are given an extension of 6 months. Real estate projects registered under RERA have also given an extension of registration and completion date.
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Part-4: Upgradation of Industrial Infrastructure Atmanirbhar Bharat

Policy Reforms to fast-track Investment – Effort towards Atmanirbhar Bharat 2020 (self supporting)

 • Fast track Investment Clearance through Empowered Group of Secretaries (EGoS).

 • Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central/ State Governments

 • Ranking of States on Investment Attractiveness to compete for new investments

• Incentive schemes for Promotion of New Champion Sectors will be launched in sectors such as Solar PV manufacturing; Advanced cell battery storage; etc.- Atmanirbhar bharat 2020

Upgradation of Industrial Infrastructure (Aatmanirbhar Bharat 2020)

Scheme will be implemented in States through Challenge mode for Industrial Cluster Upgradation of common infrastructure facilities and connectivity.

 • Availability of Industrial Land/ Land Bank for promoting new investments and making information available on Industrial Information System (IIS) with GIS mapping.

 • 3376 industrial parks/estates/SEZs in 5 lakh hectares mapped on Industrial Information System (IIS)

• All industrial parks will be ranked in 2020-21

Policy Reforms – Introduction of Commercial Mining in Coal Sector

Policy Reforms – Introduction of Commercial Mining in Coal Sector

Need to reduce import of substitutable coal and increase Selfreliance in coal production. Government will introduce competition, transparency and private sector participation in the Coal Sector through :(aatmanirbhar bharat 2020 self supporting)

 • Revenue sharing mechanism instead of regime of fixed Rupee/tonne

• Earlier, only captive consumers with end-use ownership could bid.

• Now, any party can bid for a coal block and sell in the open market.

• Entry norms will be liberalized • Nearly 50 blocks to be offered immediately.

 • No eligibility conditions, only upfront payment with a ceiling.

Policy Reforms – Introduction of Commercial Mining in Coal Sector

Exploration-cum-production regime for partially explored blocks

• Against earlier provision of auction of fully explored coal blocks, now even partially explored blocks to be auctioned.

 • Will allow private sector participation in exploration.

 • Production earlier than scheduled will be incentivized through rebate in revenue-share

Policy Reforms – Diversified Opportunities in Coal Sector – Investment of Rs 50,000 crores

• Coal Gasification / Liquefication will be incentivised through rebate in revenue share.

 • Will result in significantly lower environment impact

• Will assist India in switching to a gas-based economy

 • Infrastructure development of Rs. 50,000 crores

 • For evacuation of enhanced CIL’s target of 1 billion tons coal production by 2023-24 plus coal production from private blocks.

 • Includes Rs 18,000 cr worth of investment in mechanized transfer of coal (conveyor belts) from mines to railway sidings.

 • This measure will also help reduce environmental impact

Enhancing Private Investments in the Mineral Sector (Atmanirbhar Bharat 2020)

Structural reforms to boost growth, employment and bring state-of-the-art technology especially in exploration through:

 • Introduction of a seamless composite exploration-cum-mining-cum-production regime.

 • 500 mining blocks would be offered through an open and transparent auction process

• Introduce Joint Auction of Bauxite and Coal mineral blocks to enhance Aluminum Industry’s competitiveness. Will help aluminium industry reduce electricity costs.

Enhancing Self Reliance in Defence Production (Aatmanirbhar Bharat 2020)

• ‘Make in India’ for Self-Reliance in Defence Production:

 • Notify a list of weapons/platforms for ban on import with year wise timelines;

• Indigenisation of imported spares;

• Separate budget provisioning for domestic capital procurement.

• Will help reduce huge Defence import bill.

 • Improve autonomy, accountability and efficiency in Ordnance Supplies by Corporatisation of Ordnance Factory Board.

Policy Reforms – Defence Production

FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74%

 • Time-bound defence procurement process and faster decision making will be ushered in by :

 • Setting up of a Project Management Unit (PMU) to support contract management;

 • Realistic setting of General Staff Qualitative Requirements (GSQRs) of weapons/platforms;

• Overhauling Trial and Testing procedures

India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO)

Tax regime for MRO ecosystem has been rationalized.

• Aircraft component repairs and airframe maintenance to increase from Rs 800 crores to Rs 2000 crores in three years.

• Major engine manufacturers in the world would set up engine repair facilities in India in the coming year.

• Convergence between defence sector and the civil MROs will be established to create economies of scale.

• Maintenance cost for airlines will come down.

establishing SEZ

How To Establishing a Unit SEZ In India

India is the various fundamental Asian international locations United Nations corporation have considered the concept of installing vicinity AN Export method Zone (EPZ) version to push country’s exports. to draw in additional foreign funding and supply AN internationally competitive and trouble free surroundings for export promotion in Asian country, Special Economic Zone (SEZ) became introduced. within the yr 2000, with AN starting of SEZ coverage, Asian country had began to run on the trail of success.- Establishing a unit SEZ

 Initially, the SEZ policy become enclosed beneath overseas overseas policy 2000. The coverage became enforced through piecemeal and circumstantial amendments to definitely distinct laws, besides authorities orders. a good way to beat these drawbacks and to permit a stable long term policy framework with minimum regulation, the Special Economic Zone Act, 2005 turned into introduced. The Act provided broad criminal framework, masking all crucial legal and restrictive components of SEZ development in addition as for gadgets in operation in SEZs. 

SEZ may be a selected exempt district and shall be deemed to be foreign territory for the wishes of trade operations and duties and tariffs. In special word, SEZ may be a geographical region that has financial laws definitely unique from the country’s economic laws. SEZs are established in many nations, as well as China, India, Jordan, Poland, Kazakhstan, Philippines and Russia.  

Main goalsof constructing of establishing a unit  SEZ  Generating in addition monetary hobby Promoting exports of products and services Promoting investments from domestic and foreign resources Creation of employment possibilities Development of infrastructure centers Exposure to technology and world market

 Benefits and incentives of installing place a enterprise unit in a very SEZ  Tax edges (tax holidays, taxation exemptions, etc.)

 Liberal labor rules Exemption from excise and impost on procural of capital assets, expendable stores, raw-materials from home marketplace Streamlined procedures for obtaining approvals (online / unmarried window)

 Liberal technique in overseas direct investments Increased capital account fungibility Relaxed export regulation Full go back of earnings Non-applicability of connected environmental laws

 Establishing  a unit  SEZ

 A organisation aiming to setup unit in a very particular SEZ ought to apply with the diverse Development Commissioner’s (DC) place of work of SEZ zone. To report AN application, company should fill the Form-F, stipulated through SEZ rules.

The candidates submitting the shape, should post this way on-line via SEZ on line device victimization module New Unit Application (NUA).-establishing a unit SEZ

1.     The steps for NUA region unit as summarized beneath:

This can be the preliminary level for putting in place a SEZ unit. For putting in area a replacement unit in SEZ, the person, for the purpose of registration, shall login to SEZ on line system and construct a replacement user ID.

 2. Raising NUA request:

 while registration, users vicinity unit needed to fill a “new user application” providing the required information which includes fashionable info of agency, details of administrators, item / product, in the course of which the company deals in, and distinct info like investments, equity, for-ex, soul and promoting collaborations of the corporate.

 3. Submitting Form- F and different documents:

extra all through this procedure,candidates got to switch the underneath listed documents with a filled kind – F, as mentioned in “Add Documents” field.

 These noncommissioned files should be forced to be submitted bodily in DC’s office: Copy of incorporation certificate, Articles and memoranda of Association of the company Demand draft of authority 5000/- in desire of “The Pay & Accounts Officer.

 Copy of company’s profile, directors’ profile and project report Copy of board decision List of overseas and autochthonal capital product Form eighteen and thirty filed with mythical monster Copy  residential evidence and identification proof of administrators Income tax returns of last 3 years Copy of audited financials Copy of IEC of the company Copy of PAN of the corporate Copy of term sheet for incubation premises Copy of time period sheet for principal premises Letter for promoting / redemption arrange List of directors with their information Letter mentioning internet web site and electronic mail address Undertaking for pollution management Affidavit Along with these files, soul ought to post kind – F containing the principle factors of NUA.

4. Rectification of deficiencies:

If the DC doesn’t get glad with the submitted files, he might increase a requirement for extra files. In case, the request is distributed back by using DC place of work and also the demand is raised from DC place of job, soul shall publish the documents at intervals the stipulated

5. Approval of request: 

while verification of all the documents submitted and distinct needs consummated with the aid of soul, DC is authorized to approve the request of NUA. more the approval, AN e-mail are going to be despatched to soul on the registered electronic mail describing the supplementary


6. Payment of registration fee: 

when approval from DC place of job, a link for price of registration rate are going to be enabled; enquiring some information for charge. On payment of fee, NSDL course Ltd. (NDML) consultant can verify receipt of fee and might authorize the charge upon verification of legitimate fee entry in SEZ on-line device. Upon authorization of fee, soul will produce administrator and operational users IDs.

 7. Submission of lease deed details to DC’s administrative center for approval: 

whilst attractiveness of letter of approval, the unit is anticipated to go into into a hire settlement with the developer of the SEZ at some point of which it’s starting off business. while getting in the agreement, the unit can ought to be compelled to go into the lease deed info inside the SEZ on-line machine and publish it online to the DC’s place of work. The unit shall even need to put up a replica of the rent deed to the DC’s place of job in bodily kind.

8. Intimation of date of commencement:

As earlier than long because the unit commences manufacturing, the date of commencement of production has were given to be intimated to the DC’s place of job. The unit shall online intimate the date of incorporation through SEZ system. Additionally, the DC may additionally additionally need the unit to submit supporting documents in physical kind.

For the Fact: As of March 2018, 223 SEZs place unit operative and a massive 419 SEZs are approved.-Establishing a unit SEZ




3 Main Tips You Need to Know to Get Your Startup Off the Ground

For those of you who have never started a business before, it can sound like an intimidating task.Don’t get us wrong – We are not saying that getting your startup company up and running is an easy mission by any stretch.It will take hard work, dedication, money, some sleepless nights, and even some failure  before you succee


A proper business plan gives you a significant advantage.So how do you make a business plan?In simple terms, a business plan is the written description of your company’s future.You outline what you want to do and how you’re planning to do it. Typically, these plans outline the first 3 to 5 years of your business strategy. The business plan needs to be the first thing on your list because you’ll use it to help you with some of the remaining steps.

 II. Secure appropriate funding

You’ll need adequate capital to get yourself off the ground.There’s no magic number that applies to all businesses.The startup costs will obviously vary from industry to industry, so your company may require more or less funding depending on the situation.For a small, part-time startup with no equipment, employee salaries, or overhead to worry about, it may only cost you less than $10,000.Other ventures may cost millions. The cost of doing business is much higher than people initially think.Let’s circle back to our business plan for a minute.All business plans contain a financial plan.

This plan usually includes:
  • Balance sheet
  • Sales forecast
  • Profit and loss statement
  • Cash-flow statement

III. How To Get Funding For Startups

You need to learn the best options to get funding for a startup. Not only that, you don’t . Following are some ways to acquire a funding

  • Bank Loans

You can grow your small or large scale company with business loans from any trusted bank. These Business loans come with a host benefits and are tailormade to meet your unique business needs with competitive interest rates. See if you have what it takes to qualify to find the best lender for you. You will need to have a good Credit card history and credit score for the loan and there you are.

  • Angel Investor

Get yourself financed by Angel investors who are often retired entrepreneurs or executives, who may be interested in angel investing for reasons that go beyond pure monetary return. Angel investors can often provide valuable management advice and important contacts.

Because there are no public exchanges listing their securities, private companies meet angel investors in several ways, including referrals from the investors’ trusted sources and other business contacts, at investor conferences and symposia, and at meetings organized by groups of angels where companies pitch directly to investor in face-to-face meetings.

  • Venture-capital investors

It is a private equity which is a form of financing, provided by firms or funds to small to large scale business. Venture Capitalists take the risk of financing risky start-ups in the expectation that some of the firms they support will become successful. You can fund your business with the help of these Venture Capitalists if you have an attractive idea to impress them and urge them to trust you.

  • Equity Share

It is a main source of finance for any company giving investors right to vote, share profits and claim on assets. In the world of financial and investment management, ‘equity share’ is a big word frequently used in every next discussion. We call it stock, ordinary share, or shares, all are one and the same.

There are different types of Equity shares that are classifies based on various things and those are Authorized share capital, Issued share capital, Subscribed share capital and Paid up capital.

  • Join a startup incubator or accelerator

There is small difference between these terms as Incubators start-ups that are new and are at very early stage of their business whereas Accelerators accelerates the growth of an existing idea and business. So all you have to do is choose the right one for your business.


finance consultancy

Top 5 Government Loan Schemes for Small Businesses in India

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Micro-units Development and Refinance Agency (MUDRA) is an organisation established by the government of India to provide business finance to micro-business units. The loans under the scheme are given on the pretext of ‘funding the unfunded’. Since small companies and startups are often left to their own devices for financing their venture, the government has created the concept of low-cost credit to such under takings. MUDRA Loans are also a refinanced business loans  approved and disbursed through public sector banks, private sector banks, co-operative societies, small banks, scheduled commercial banks and rural banks that come under the scheme. The loans are generally given to micro or small businesses operating in the manufacturing, trading and services sector. -Government loan scheme

The MUDRA Loans  are structured as under,

  • Sishu Loans up to Rs. 50,000/-
  • Kishor Loans up to Rs. 5,00,000/-
  • Tarun Loans up to Rs. 10,00,000/-

Credit Guarantee Fund Scheme for Micro and Small Enterprises

The CGMSE was first launched in the year 2000 as a monetary support scheme for micro and small enterprises. It offers collateral-free credit for both new and existing business units that satisfy its eligibility criteria. The scheme provides working capital loans up to ₹ 10 lakhs without any collateral. However, for all credit facilities above ₹ 10 lakhs and up to ₹ 1 crore only primary security or mortgage of land and building associated with the building is obtained and such eligible accounts are covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Asset created through the credit facility which are associated with the business unit are also considered as security when the loan amount exceeds ₹ 10 lakhs.

The business loans under this scheme are financed by various public and private sector banks covered under the scheme.- government loan scheme

National Small Industries Corporation Subsidy

The NSIC subsidy for small businesses offers two kinds of financial benefits – Raw Material Assistance and Marketing Assistance. Under the raw material assistance scheme of NSIC, both indigenous and imported raw materials are covered. Under the marketing support, funds are given to SMEs for enhancing their competitiveness and the market value of their products and services. The NSIC is mainly focused on funding small and medium enterprises  who wish to improve / grow their manufacturing quality and quantity.

Credit Link Capital Subsidy Scheme for Technology Upgradation

This scheme allows small businesses to upgrade their process by financing technological up gradation. The technological up gradation can be related to numerous processes within the organization, such as manufacturing, marketing, supply chain etc. Through the CLCSS scheme, the government aims to reduce the cost of production of goods and services for small and medium enterprises, thus allowing them to remain price competitive in local and international markets.

The scheme is run by the Ministry of Small-Scale Industries. The CLCSS offers an up-front capital subsidy of 15% for eligible business. However, there is a cap to the maximum amount that can be availed as subsidy under the scheme, which is set at ₹ 15 lakhs. Sole proprietorship, partnership firms, co-operative, private and public limited companies come under the ambit of this business loan scheme.- Government loan scheme

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The scheme is run by the Ministry of Small-Scale Industries. The CLCSS offers an up-front capital subsidy of 15% for eligible business. However, there is a cap to the maximum amount that can be availed as subsidy under the scheme, which is set at ₹ 15 lakhs. Sole proprietorship, partnership firms, co-operative, private and public limited companies come under the ambit of this business loan scheme.- Government loan scheme