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Government approves "Scheme for formalisation of Micro Food Processing Enterprises (FME)"

The Union Cabinet, chaired by the PM Shri Narendra Modi, has given its approval to this Centrally Sponsored Scheme for the Unorganized Sector on All India basis with an outlay of Rs.10,000 crore. Benefitting 8 lakh micro-enterprises, this will create off-farm job opportunities & aid in growth.

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RBI makes regulatory & policy announcements to preserve financial stability; cuts Repo Rate by 40 basis points to 4% & Reverse Repo Rate to 3.35%

Announcements also include extension of the moratorium on loan EMIs upto August 31, 2020, increase in export credit limit and extension of time for payment on imports. This will boost demand amid COVID-19 by extending affordable credit to MSMEs & other businesses.

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Cabinet approves additional funding of up to Rs. 3 lakh crore through introduction of Emergency Credit Line Guarantee Scheme (ECLGS)

Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers, in the form of a Guaranteed Emergency Credit Line (GECL) facility.

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Ministry of Defence approves procurement of 26 defence items only from local suppliers to boost 'Make in India'

26 items have been notified under clause 3(a) of the Public Procurement (Preference to Make in India) Order 2017 and henceforth, procuring entities shall procure these items only from local suppliers, irrespective of purchase value, provided that the local suppliers meet the Minimum Local Content (MLC) as prescribed for each item.

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Cabinet approves "Pradhan Mantri Matsya Sampada Yojana" - A step towards Blue Revolution through sustainable development of Fisheries sector

The scheme has two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS), with an total estimated investment of Rs. 20,050 crore. This will help in doubling fishers, fish farmers and fish workers incomes by 2024.

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"AtmaNirbhar Bharat implies a confident & caring nation, not an inward-looking one": Shri Piyush Goyal at his fifth lockdown meeting with Industry & trade associations

Addressing the associations, Shri Goyal said that Future is ours to choose- it would be better to be ready and start working for the Post-Covid period, with good ideas, firm implementation plans, and to make India a world power. He said that AtmaNirbhar Bharat will inculcate the spirit of oneness among 130 crore citizens of India.

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Special Liquidity Scheme approved for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to address their Liquidity Stress

An SPV would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the Government of India and purchased by the Reserve Bank of India (RBI) only. The proceeds of sale of such securities would be used by the SPV to acquire short-term debt of NBFCs/HFCs.

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Contribute your bit in fight against COVID-19: Donate generously to the PM CARES Fund

Citizens & Organisations can donate to the PM CARES Fund using following details:
Name of the Account : PM CARES
Account Number : 2121PM20202
IFSC Code : SBIN0000691
SWIFT Code : SBININBB104
Name of Bank & Branch : State Bank of India, New Delhi Main Branch
UPI ID : pmcares@sbi

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Download Aarogya Setu App: Government launches Bluetooth based COVID-19 Tracker

The app will enable people to assess themselves the risk of catching the Corona Virus infection. It will calculate this based on their interaction with others, using cutting edge Bluetooth technology, algorithms and artificial intelligence. The App's design ensures privacy-first.

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