Government Initiative

Collateral free Working Capital Loans upto Rs 10,000 Under By Govt of India

Ministry of Housing and Urban Affairs has launched ‘Prime Minister Street Vendor’s AmtaNirbharNidhi Scheme (PM SVANidhi). It aims at facilitating collateral free working capital loans upto Rs 10,000 of 1 year tenure, to  street vendors across the country. It provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment …

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Ban on Chinese Products by Govt. of India

The Government regularly reviewing the country’s import policy for vision of Atmanirbhar Bharat. imports regulation decision are taken based on the assessment in national and public interest. Now, approx 550 tariff lines are under the ‘Restricted’ / ‘Prohibited’ category for imports under the Foreign Trade Policy, imports of which are restricted from all countries including …

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Govt announces financial assistance for those who Lost job due to COVID-19 (Atal Bimit Vyakti Kalyan Yojana)

The government has decided to relax the existing conditions and the amount of relief for workers who have lost employment during the COVID-19 pandemic period. The relaxation in following eligibility conditions for availing relief under the scheme during the period 24.03.2020 to 31.12.2020 as under: – 1. The Insured Person should have been in insurable …

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Street vendors can get collateral free working capital loans of up to ₹10,000

The PM SVANidhi Scheme was launched by Ministry of Housing & Urban Affairs under the ambit of ‘AtmaNirbhar Bharat Abhiyan’. It aims at facilitating collateral free working capital loans upto ₹10,000 of 1 year tenure, to about 50 lakh street vendors in the urban areas, including those from the surrounding peri-urban/ rural areas, to resume their …

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Rs 1 Lakh Crore Finance Facility For Agri-Infrastructure

Prime Minister Narendra Modi has launched a debt financing facility under the Agriculture Infrastructure Fund with a budget of ₹ 1 lakh crore. Under this, Farmer Producer Organisation Schemes, self-help groups and agri-entrepreneurs can take loans to build infrastructure for post-harvest management and community farming assets, like cold storage, collection centres and processing units. Government …

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Stand Up India

Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs. अनुसूचित जाति / अनुसूचित जनजाति और/या महिला उद्यमियों के वित्तीयन हेतु स्टैंड-अप इंडिया योजना. Objective उद्देश्य The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower …

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The Venture Capital Assistance Scheme

Venture Capital Assistance is financial support in the form of an interest free loan to qualifying projects to meet shortfall in the capital requirement for the implementation of the project. Benefits helps in assisting agripreneurs to make investments in setting up agribusiness projects through financial participation Provides financial support for the preparation of bankable Detailed …

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Government extends amnesty scheme for pre-GST era taxes by 15 days

The government extended the ‘Sabka Vishwas’ dispute resolution and amnesty scheme for pre-GST era taxes by 15 days till January 15. The scheme introduced by finance minister Nirmala Sitharaman in the FY20 budget to settle pending disputes of service tax and central excise duty has received a “huge response”.  It said that out of the …

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Updates from Budget 2019: No Scrutiny for checking the Valuation (Share Premium) for ‘Angel Tax’ in Start-Ups and their Investors

The Start-ups who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny by Income Tax Departments related with valuations of share premiums. Finance Minister said that the issue of establishing identity of the investor and source of his funds will be resolved by putting in place …

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Updates from Budget 2019: Govt considered issuing Aadhaar Card for NRIs on arrival

The Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians on arrival.   Govt. proposed to launch a Mission that will integrate India’s traditional artisans and their creative products with global markets. Wherever necessary patents and geographical indicators, will be obtained for them. In Financial Year 2019-20, Government intends to open four new …

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