New Delhi: Union Home Minister Amit Shah on Wednesday thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the package announcement and unprecedented steps undertaken to cope with the challenges of COVID-19.
In a series of tweets, he expressed his gratitude and lauded the Modi government for being a support system to revive the economy.
“I thank PM @narendramodi and FM @nsitharaman for these unprecedented steps, targeted at assisting MSMEs, cope with challenges of COVID-19. It reflects PM Modi’s commitment to revive our economy, help small businesses and boost employment. #AatmaNirbharBharatAbhiyan,” he tweeted.
I thank PM @narendramodi and FM @nsitharaman for these unprecedented steps, targeted at assisting MSMEs, cope with challenges of COVID-19.
It reflects PM Modi’s commitment to revive our economy, help small businesses and boost employment. #AatmaNirbharBharatAbhiyan
— Amit Shah (@AmitShah) May 13, 2020
“Modi govt’s decision to provide ₹3 lakh cr collateral-free Automatic Loans to Businesses, including MSMEs, will surely help them meet their operational liabilities, built up due to COVID-19 and resume their business. About 45 lakh units and employees will benefit from this step,” Shah said.
Modi govt’s decision to provide ₹3 lakh cr collateral-free Automatic Loans to Businesses, including MSMEs, will surely help them meet their operational liabilities, built up due to COVID-19 and resume their business. About 45 lakh units and employees will benefit from this step.
— Amit Shah (@AmitShah) May 13, 2020
Shah reiterated that the Modi government can understand the crisis faced by the MSMEs and therefore a provision of Rs 20,000 crore as subordinate debt will be facilitated.
“Modi government understands the issues and problems faced by the MSMEs, amidst COVID-19 pandemic. To help them in these stressed times, GoI will facilitate provision of Rs. 20,000 crore as subordinate debt, which will benefit more than 2 lakh MSMEs.”
Modi government understands the issues and problems faced by the MSMEs, amidst COVID-19 pandemic. To help them in these stressed times, GoI will facilitate provision of Rs. 20,000 crore as subordinate debt, which will benefit more than 2 lakh MSMEs. #AatmaNirbharBharatAbhiyan
— Amit Shah (@AmitShah) May 13, 2020
“Modi government to facilitate equity infusion worth Rs 50,000 crore for the MSMEs through Fund of Funds. This will help them expand their size as well as capacity and encourage them to get listed, raise public money through stock exchanges,” he said.
Modi government to facilitate equity infusion worth Rs 50,000 crore for the MSMEs through Fund of Funds. This will help them expand their size as well as capacity and encourage them to get listed, raise public money through stock exchanges. #AatmaNirbharBharatAbhiyan
— Amit Shah (@AmitShah) May 13, 2020
“Government will also launch a ₹30,000cr Special Liquidity Scheme to help NBFCs / HFCs / MFIs / NBFCs / HFCs /MFIs as they are finding it difficult to raise money in debt markets. This decision will not only provide them liquidity support but also create confidence in the market,” he added.
Government will also launch a ₹30,000cr Special Liquidity Scheme to help NBFCs / HFCs / MFIs / NBFCs / HFCs /MFIs as they are finding it difficult to raise money in debt markets. This decision will not only provide them liquidity support but also create confidence in the market.
— Amit Shah (@AmitShah) May 13, 2020
“Modi govt is doing everything possible to help business sector as they may face financial stress while resuming their businesses. GoI to provide Rs. 2500 crore EPF support for business and workers for 3 more months. This will help about 3.67 lakh units and 72.22 lakh employees,” he further said.
Modi govt is doing everything possible to help business sector as they may face financial stress while resuming their businesses. GoI to provide Rs. 2500 crore EPF support for business and workers for 3 more months. This will help about 3.67 lakh units and 72.22 lakh employees.
— Amit Shah (@AmitShah) May 13, 2020
Shah said that in order to boost Make in India scheme, all global tenders upto Rs 200 crore have been disallowed.
“In these challenging times, to boost Make In India, help our MSMEs and other companies from the, often unfair, competition by foreign giants, Modi government has disallowed global tenders upto Rs 200 crore. A welcome step towards #AatmaNirbharBharatAbhiyan.”
In these challenging times, to boost Make In India, help our MSMEs and other companies from the, often unfair, competition by foreign giants, Modi government has disallowed global tenders upto Rs 200 crore. A welcome step towards #AatmaNirbharBharatAbhiyan.
— Amit Shah (@AmitShah) May 13, 2020
In the last tweet, he said “I thank PM @narendramodi’s government for infusing liquidity of Rs 90,000 crore in DISCOMs, providing Rs 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs and Rs 50,000 crore liquidity through TDS/TCS rate reduction.”
I thank PM @narendramodi’s government for infusing liquidity of Rs 90,000 crore in DISCOMs, providing Rs 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs and Rs 50,000 crore liquidity through TDS/TCS rate reduction. #AatmaNirbharBharatAbhiyan
— Amit Shah (@AmitShah) May 13, 2020
