Top Recommended Stories

live

Economic Package Updates: ‘CLSS Scheme For Middle Income Employees Extended Till March 2021,’ Says FM Sitharaman

Earlier on Wednesday, the finance minister announced economic boosters worth Rs 6 lakh crore, that included Rs 3 lakh crore collateral-free automatic loans for small and medium businesses (MSMEs).

Updated: May 14, 2020 7:04 PM IST

By India.com News Desk | Edited by Sharmita Kar

Economic Package Updates: 'CLSS Scheme For Middle Income Employees Extended Till March 2021,' Says FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Thursday is set to announce yet another round of measures as a part of the grand ‘Atmanirbhar Bharat Abhiyan’, the Rs 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi. In her second press briefing, Sitahraman is expected to focus on measures for migrant workers and strengthen the rural economy that has upended due to the coronavirus lockdown.

Earlier on Wednesday, the finance minister announced economic boosters worth Rs 6 lakh crore, that included Rs 3 lakh crore collateral-free automatic loans for small and medium businesses (MSMEs).

Sitharaman had also announced Rs 90,000 crore liquidity infusion will be made in electricity distribution companies to help them fight the current financial stress. Alongside, she also announced major steps towards NBFCs, MFIs and tax relaxations for employees.

FM Sitharaman said relaxations on the TDS/TCS rates for non-salaried payments up to March 31, 2021, by 25 per cent. Further, she extended the dates for filing income tax returns and other assessments to November 30.

Live Updates

  • May 14, 2020 6:18 PM IST

    Economic Package LIVE: The press briefing has ended.

  • May 14, 2020 5:37 PM IST

  • May 14, 2020 5:16 PM IST

    Economic Package LIVE: FM Nirmala Sitharaman clarifies that the ‘One Nation, One Ration Card’ will work on a digitised platform that will enable both the migrant worker/labourer and their family to acquire ration from wherever they are.

  • May 14, 2020 5:12 PM IST

    Economic Package LIVE: Rs 2 lakh crore concessional credit will be extended to boost 2.5 crore farmers through Kisan credit cards, says FM.

  • May 14, 2020 5:10 PM IST

    Economic Package LIVE: To benefit around 3 crore farmers, mostly small and marginal farmers, Govt announces Rs 30,000 crores Additional Emergency Working Capital Funding through NABARD, says FM.

  • May 14, 2020 5:10 PM IST

    Economic Package LIVE: To create job opportunities for Tribals /Adivasis -Plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds, says Sitharaman.

  • May 14, 2020 5:05 PM IST

    Economic Package LIVE: “Government to extend the Credit Linked Subsidy Scheme (CLSS) for middle-income group (annual income Rs 6-18 lakhs) up to March 2021; 2.5 lakh middle income families to benefit during 2020-21,” says FM Nirmala Sitharaman

  • May 14, 2020 5:00 PM IST

    Economic Package LIVE: Government to support nearly 50 lakh street vendors with Rs 5000 cr Special Credit Facility for street vendors who have suffered due to the COVID-19 lockdown, says FM.

  • May 14, 2020 4:58 PM IST

    Economic Package LIVE: Government of India will provide Interest subvention of 2% for prompt MUDRA-Shishu Loans payees for a period of 12 months. Relief of Rs 1500 cr to MUDRA-Shishu loanees, announces FM Sitharaman.

  • May 14, 2020 4:52 PM IST

    Economic Package LIVE: Govt to launch a scheme for affordable rental housing for migrant workers and urban poor to provide ease of living by converting govt-funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through a concessionaire, the finance minister says.

Also Read:

For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com.

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.