The complete list of announcements made by Finance Minister Nirmala Sitharaman

New Delhi, May 13: Finance Minister Nirmala Sitharaman today unveiled details of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi.

Essentially this is to spur growth to build a very self-reliant India and that's why this initiative is called 'Atmnirbhar Bharat Abhiyaan,' the Finance Minister said.

Let us take a look in detail the announcements made today

For stressed MSMEs

For stressed MSMEs

Revised definition of MSMEs

Existing and Revised Defination of MSMEs

New definition

Definition of MSMEs

Revised definition of MSMEs

Existing and Revised Defination of MSMEs

No global tenders

Global tenders to be disallowed in Government procurement up to Rs 200 crores.

For MSMEs

Other interventions for MSMEs

EPF support

EPF support Business & workers

EPF contribution reduced

EPF contribution reduced Business & Workers

For NBFC/HFCs

Government launches a Rs 30,000 crore Special Liquidity Scheme for non-banking financial companies, microfinance companies, housing finance companies

Partial credit guarantee

Rs 45,000 crore liquidity infusion through a Partial Credit Guarantee Scheme 2.0 for NBFCs

DISCOMS

RS 90,000 crore liquidity injection for Power Distribution Companies (DISCOMs)

Relief for contractors

Major relief to contractors

For the real estate

RERA to extend registration&completion date suo-moto by 6mnts for all registered projects

TDC reduced

TDS/TCS rates to be reduced by 25% till March 31, 2021: FM

Direct measures

Other Direct Tax Measures