PM CARES: How Rs 1000 crore will be used

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PM CARES: How Rs 1000 crore will be used

Chidambaram says:

Thursday, 14th May 2020

Rs 20 lakh crore relief package, Nirmala has announced, will be divided into components to boost MSMEs along with automatic loans of Rs 3 lakh crore for businesses without collateral. In order to promote Indian MSMEs, global tenders will not be issued up Rs 200 crore, for government contracts.


TDS and TCS rates will be reduced by the government for non-salaried sector along with tax cuts that will give up to Rs 50,000 crore for people.


Rs 3,100 crore will be used for coronavirus expenses, from the PM Cares fund, said PM Modi.



Source: India Today

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