Measures for MSMEs

Latest Announcements

Measures for MSME by Finance Minister part 3

2020-05-15 23:41

Measures for MSME by Finance Minister part 2

2020-05-15 04:11

Measures for MSMEs presentation by Finance Minister

2020-05-13 04:56

Ministry of MSME Launches CHAMPIONS Portal

Ministry of MSME Launches CHAMPIONS Portal: view portal

2020-05-12 10:23

Building Business Back from Crisis

United Nations Industrial Development Organization mentions ISF contribution to MSME sector

2020-04-30 07:25

MSME Schemes, Ideas, Innovations and Research by Govt.

2020-04-30 07:20

Standard Operating Procedure(SOP) for MSMEs at Workplace

2020-04-20 23:34

Industrial establishments allowed after 20th April

Industrial establishments allowed after 20th April

2020-04-18 08:45

GST

Advisory on Opting-in for Composition Scheme for 2020-21 - Extension of Dates

2020-04-11 08:28

Part-1 Filing Dates extended for providing relief to taxpayers

2020-04-11 08:27

Part-2 Filing Dates extended for providing relief to taxpayers

2020-04-11 08:27

Part-3 Filing Dates extended for providing relief to taxpayers

2020-04-11 08:27

GST/INCOME TAX: RELIEF OF PENDING INCOME TAX REFUNDS UP TO 5 LAC

Relief to all business entities and individuals on the pending income-tax/GST/customs refunds up to Rs. 5 lakh, immediately..

2020-04-08 09:09

GST

  • Businesses having an annual turnover of less than Rs. 5 Crore can file GSTR-3B due in March, April and May 2020 by the 30th June 2020. No interest, late fee, and penalty to be charged.
  • Businesses having turnover more than Rs. 5 crores will have to pay 9% p.a. Interest on any Tax Liability (However, they can file GSTR-1 up to 30th June 2020 without any late Fee).
  • Last Date to opt for Composition Scheme extended to 30th June 2020.
  • The due date for Return filing of Composition Dealers extended till 30th June 2020 (for Quarter ending 31st March 2020)
  • The due date for filing Annual Return (GSTR-9) extended till 30th June 2020.
  • The due date for any communication with GST Authorities falling between 20th March 2020 to 29th June 2020 has been extended to 30th June 2020.
  • The payment date under Sabka Vishwas Scheme shall be extended to 30th June 2020. No interest for this period shall be charged if paid by 30th June 2020.

2020-04-01 03:05

MCA COMPLIANCE

Order to companies on dispatch of notice under 62(2) by listed companies

2020-05-16 00:16

Order on holding meeting through VC and OVAM

2020-05-06 04:22

Firms get relief from IBC fro 6 months

2020-04-23 23:24

ROC notification for extension of due dates for documents and process of registration of new companies.

DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS

2020-04-23 23:19

Clarification on serving and passing of circulars and notices by MCA act dated 13th April.

2020-04-17 04:37

MCA’s Frequently Asked Questions on eligibility of CSR expenditure related to COVID-19 activities

The Ministry of Corporate Affairs (MCA) has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, a set of Frequently Asked Questions (FAQs) along with clarifications are provided below for better understanding of the stakeholders.

2020-04-13 00:05

Contribution to PM CARES FUND qualifys as CSR expenditure

2020-04-11 04:36

EXTENDED DUE DATES BY Govt for all sectors

Extension of Due Dates & Facilitation Measures announced by Govt of India due to COVID19

2020-04-11 04:25

Passing of Ordinary and Special Resolutions by Companies under Companies Act, 2013 on account of threat posed by Covid- 19

Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 and rules made thereunder on account of the threat posed by Covid-19.

2020-04-11 03:23

Govt introduces ‘Companies Fresh Start’ scheme

MCA allows businesses to make fresh start on compliance defaults; Introduces two schemes:"Companies Fresh Start Scheme, 2020" and revised the "LLP Settlement Scheme starting 1 April 2020 to 30th September2020

2020-04-04 02:26

Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partn…

Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partn…

2020-04-01 07:03

Finance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak

  • No Late Fees on any Filings made from 1st April 2020 to 30th September 2020 (irrespective of the due date of the filing)
  • Maximum Interval between two board meetings shall be extended by 60 days for the next two quarters. (Up to 30th September 2020).
  • Newly incorporated companies are required to file a declaration for Commencement of Business within 6 months of incorporation. An additional time of 6 more months shall be allowed.
  • Every Company is required to have at least one resident director. Such a requirement has been relaxed (Until further notice).

2020-04-01 03:10

FINANCIAL SERVICES

Financial Services

  • Debit cardholders to withdraw cash for free from any other banks’ ATM for 3 months
  • Waiver of minimum balance fee
  • Reduced bank charges for digital trade transactions for all trade finance consumers

2020-04-01 03:11

RBI

RBI: Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit- Extension

2020-05-14 11:24

  • Fixed Repo rates cut by 25 basis points from 4.0% to 3.75%
  • TLTRO2.0:To facilitate MSMEs an amount of 50,000cr has been conducted.
  • Additional funding to NABARD,SIDBI & NHB for the MSME sector.
  • Moratorium period to be excluded from 90 days NPA period.

2020-04-17 04:15

  • Repo Rate decreased by 75 bps (0.75%) to 4.4%
    This would result in decreased interest rates on existing loans (Floating charge). New loans would also be available to the public at lower rates.
  • Reverse Repo Rate has been decreased by 90 bps (0.90%)
    This would discourage banks to deposit monies with RBI and increase loans to the general public. Expect a better loan approval rate.
  • 3 months moratorium on all term loans
    RBI has permitted banks to waive EMIs on all term loans that are outstanding as on 1st March 2020, for the next 3 months. The final decision to allow such a waiver will be taken by the bank.
  • 3 months moratorium on all working capital financing
    RBI has permitted banks to allow the interest of working capital loans (Cash Credit/Overdraft) to be paid at the end of 3 months. The final decision to allow this will be taken by the bank.
  • Reassessment of working capital loans
    RBI has permitted banks to recalculate drawing power on working capital loans by reducing margins on collateral security. Such recalculation shall not affect the credit rating of the borrower. Therefore, borrowers can apply for a higher credit limit on the same collateral security given.

2020-04-01 03:11

Funding

CAWACH Centre for Augmenting War with COVID-19 Health Crisis

2020-04-11 08:59

INCOME TAX

EXTENDED DUE DATES BY Govt for all sectors

Extension of Due Dates & Facilitation Measures announced by Govt of India due to COVID19

2020-04-10 04:39

GST/INCOME TAX: RELIEF OF PENDING INCOME TAX REFUNDS UP TO 5 LAC

Relief to all business entities and individuals on the pending income-tax/GST/customs refunds up to Rs. 5 lakh, immediately..

2020-04-08 09:10

  • The deadline for filing of income tax return (Belated/Revised) for the financial year 2018–19 has been extended to 30th June 2020.
  • People who want to opt for the new tax dispute resolution scheme, Vivaad se Vishwas scheme, can now do so before 30th June 2020 without facing the 10% penalty.
  • Tax saving investments can be made before 30th June 2020, the benefit of which can be taken for the financial year 2019–20.
  • Delayed payment of Advance tax, self-assessment tax, TDS, TCS, can be made with reduced interest rates. No late fee or penalty is applicable for payments made after 20th March up to 30th June 2020.
  • Any time limit ending between 20th March and 29th March has been extended to 30th June 2020.

2020-04-01 03:12

BANKING

SIDBI to provide emergency working capital up to Rs 1 crore to MSMEs

2020-04-11 05:07

Many banks have reduced their repo linked lending rates following the Reserve Bank of India's (RBI) recent decision to cut repo rate by 75 basis points.

2020-04-04 07:55

  • Bank of India
    BoI is setting up an emergency credit line which will be made available very soon to provide some relief to the borrowers impacted by COVID?19

2020-04-04 05:16

  • SIDBI, Government of India
    1. Regional Incharge helpline numbers

    View Source

    2. Enlarged scope of SIDBI support to MSMEs

    View Attachment

    3. In Partnership with 24 Banks SIDBI is providing Working Capital / Term Loan in 59 minutes — Loans above Rs. 1 Lakh at 8.5% onwards — Eligibility: Active GSTIN, ITR for MSMEs

    Link to the program


    4. SIDBI is providing loans at 5% within 48 hours for MSMEs manufacturing any products or providing any services related to fighting Corona Virus, such as hand sanitizers, masks, bodysuits, ventilators, testing labs, clinics, etc

    View Source

    5. SIDBI to provide emergency working capital up to Rs 1 crore to MSMEs

    View Source

2020-04-04 05:12

  • Andhra Bank
    Andhra Bank is setting up a short-term credit facility for small businesses and corporate borrowers
  • 2020-04-04 05:08

    • Indian Bank
      1.Indian Bank launches 3 emergency credit facilities for agriculture sector Mumbai, Apr 2 (PTI) State-run Indian Bank on Thursday said it has launched three emergency credit facilities for the agriculture sector which has been affected by the nationwide lockdown on account of Covid-19.
      The lender is providing funding to agri-processing units, which can avail loans up to 10 per cent of their working capital limit, a bank statement said.
      Borrowers in the poultry segment can avail loans to a maximum of 20 per cent of their working capital limit and farmers cultivating crops / rearing animals and having KCC facility can avail 10 per cent of the limit as soft loan.
      These loans will be given for a period of six months. Last week, the Chennai-based lender had announced an additional funding facility for its large, MSME, retail pensioners and self-help groups (SHGs) customers. PTI HV MKJ

      View Source

      2.Indian Bank announced a COVID -19 emergency credit line (IBCECL) that will provide additional funding of up to 10% of the working capital limits with a maximum limit of Rs.100 crores. The loan tenor will be for 36 months with an initial moratorium of up to 6 months and would carry a fixed interest rate of 1-year MCLR.

      View Source

    2020-04-04 04:51

    • UCO Bank
      The bank said that they are addressing the cash flow issues faced by borrowers by offering an additional loan limit at the existing lending rate.

    2020-04-04 04:46

  • Union Bank
    Union Bank of India is providing additional credit facilities for its customers to tide over liquidity issues under which 10 percent of the working capital limit will be provided which will be payable in 12 installments at lower rates of interest
  • 2020-04-04 04:41

  • State Bank of India
    SBI will provide additional liquidity under its COVID-19 Emergency Credit Line (CECL). They will offer funds up to Rs 200 crore, which will be available until June 30. These loans will be offered at an interest rate of 7.25 percent and have a tenure of 12 months.
  • 2020-04-04 04:39

    SOFTWARE

    Software

    • Facebook
      Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses
      Link to the program
    • Zoho
      Zoho has made a suite of productivity and business applications free until 1st July 2020
      Link to the program
      Zoho Relief Initiatives
      Link to the program

    • Hootsuite
      Hootsuite, a social media management platform, is offering its Professional plan at no cost until July 1st, 2020 to help small businesses and nonprofits during the crisis
      Link to the program

    • Shopify
      Shopify is working with governments to make provide capital offerings available in more countries. They are also offering a 90-day free trial for all new customers. Customers who are currently on trial can extend it to 90 days.
      Link to the program

    • Lovelocal
      A free e-commerce platform for offline stores (who are selling essential goods) transition online and sell in their neighborhood
      Link to the program

    • Headspace
      They are offering a collection of guided meditations and exercises available for free to all business owners and their employees.
      Link to the program

    • LinkedIn
      LinkedIn is offering Learning courses about remote working for free.
      Link to the program

    • Google
      They pledged to provide G Suite customers free access to their Hangouts Meet video-conferencing features which includes pro features like conducting meetings with up to 250 participants
      Link to the program

    • Microsoft
      Microsoft Teams will be free for the next six months so that businesses can remotely coordinate during the crisis
      Link to the program

    • Hashtag Loyalty (Save Local)
      Hashtag Loyalty is launching Save Local, a platform that helps customers purchase gift cards of their favorite businesses and support them during the crisis. Register here to add your business
      Link to the program

    2020-04-01 03:29

    Department of post

    Ministry of Communications special helpline during Covid-19

    2020-04-25 11:55

    Exports

    Important Market Information for exporters

    COVID-19 Temporary Trade Measures

    2020-04-16 02:54

    Goods And Transportation

    List of Logistics Service Providers

    List of logistics service providers with their contact details.

    2020-04-12 04:07

    How to calculate Parcel Rate using pin code

    Parcel Rate calculator using pin code

    2020-04-11 07:10

    Scheduled Parcel Special Trains (w.e.f. 08.04.2020)

    Scheduled (Time-tabled) Parcel Special Trains (w.e.f. 08.04.2020)

    2020-04-11 07:08

    Railways: Details of concerned officers for each Zone for booking in Special Trains

    Please click below for the details of concerned officers for each Zone for booking in Special Trains. All interested can call them directly or at 138 for any details reg booking and charges.

    All are requested to save this chart and share it with FPOs/ Farmer groups/Leading farmers/ Traders and all others for taking advantage of these trains for transport of their perishable produce.

    2020-04-11 07:03