Aatmanirbhar Bharat Package / Initiatives for MSME’s - Summary
PM Modi has announced the Atmanirbhar Bharat Package (आत्मनिर्भर भारत पैकेज) — a significant Rs 20 lakh crore plan designed to strengthen the Indian economy. This initiative highlights five essential pillars: Atmanirbhar Bharat Economy, Infrastructure, System, Vibrant Demography, and Demand. The economic package represents about 10% of India’s GDP and aims to create a self-reliant India.
Major Initiatives for MSMEs
As part of the Atmanirbhar Bharat Abhiyan (Self-Reliant India Package), the Narendra Modi Government has rolled out six major initiatives with a budget of Rs 7.35 lakh crore:
1. Rs 3 Lakh Crore for MSME Sector – The central government will offer collateral-free loans to support MSMEs, which will have a four-year tenure and a 12-month moratorium. Approximately 12 crore workers will benefit from this initiative.
2. Subordinate Debt-Based Scheme – Rs 20,000 crore has been set aside for stressed and NPA MSMEs. About 2 lakh MSMEs facing stress or non-performing assets are expected to gain.
3. Fund of Funds – An investment of Rs 50,000 crore will be directed towards viable businesses showing potential.
4. Change in the Definition of MSMEs – The investment limit for MSMEs has been raised, and additional criteria like turnover are now included. The distinction between manufacturing and service MSMEs has also been removed.
5. Global Tender Disallowed Up to Rs. 200 Crore – Government procurement tenders up to Rs 200 crore will no longer allow global participation, thereby protecting local businesses.
6. Other Interventions for MSMEs – New e-market linkages will be created to promote online commerce, as traditional trade fairs are not being held. The Central Public Sector Enterprises (CPSEs) and the Government of India are expected to clear their receivables within 45 days.
Complete Details of the Aatmanirbhar Bharat Package
The Aatmanirbhar Bharat Abhiyan is focused on bolstering businesses, including MSMEs. You can download the complete details of the Aatmanirbhar Bharat Package in PDF format, which includes information such as:
– Prime Minister’s Vision Behind Its Launch
– Pradhan Mantri Garib Kalyan Yojana
– Measures Taken by the Reserve Bank of India
– Support for Businesses Including MSMEs
– Sectors Benefitting from Aatmanirbhar Bharat Abhiyan 2020
– Rs. 3 Lakh Crore Collateral-Free Automatic Loans for Businesses, Including MSMEs
– Rs. 20,000 Crore Subordinate Debt for Stressed MSMEs
– Existing and Revised Definition of MSMEs
– Global Tenders Disallowed Up to Rs. 200 Crore
– Other Interventions for MSMEs
– Rs. 2,500 Crore EPF Support for Businesses & Workers for 3 More Months
– EPF Contribution Reduced for 3 Months Amounting to Rs. 6,760 Crore for Liquidity Support
– Rs. 3,000 Crore Special Liquidity Scheme for NBFCs / HFCs / MFIs
– Rs. 45,000 Crore Partial Credit Guarantee Scheme 2.0 for NBFCs
– Rs. 90,000 Crore Liquidity Injection for DISCOMs
– Relief for Contractors
– Extension of Registration and Completion Dates for Real Estate Projects under RERA
– Rs. 50,000 Crore Liquidity through TDS / TCS Rate Reduction
– Other Direct Tax Measures
According to the government, this financial package will help revive all sectors of the economy—covering demand, supply chains, and manufacturing. It is especially beneficial for cottage industries, home industries, small-scale industries, and MSMEs that provide livelihoods for millions. Additionally, this package supports farmers working under tough conditions and the middle class, who contribute through diligent tax payments.
You can download the Aatmanirbhar Bharat Package / Initiatives for MSMEs in PDF format for free using the links below.
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Atma Nirbhar Bharat Package Progress so Far
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Aatmanirbhar Bharat Abhiyan Part 3
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Aatma Nirbhar Bharat Abhiyan (आत्मनिर्भर भारत अभियान) Complete Details
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Aatmnirbhar Bharat Abhiyan Package Hindi
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Aatmanirbhar Bharat Abhiyan Part 2
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Aatmanirbhar Bharat Abhiyan Part 5
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Aatmanirbhar Bharat Abhiyan Part 4
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TDS/TSC New/Revised Rates Chart AY 2021-22