Some key Takeaways for MSME Sector are:

     ---  To reduce compliance burden on Traders from MSME sector, turnover threshold increased to 5 cr from 1 cr for audits
     ---  Provision for businesses with less than 5% business transaction in cash

     ---  Amendments to be made to enable NBFCs to extend invoice financing to MSMEs

     ---  More than 5,00,000 MSMEs benefited from RBI's restructuring of loans

     ---  Reserve Bank of India to consider extending restructuring scheme for MSMEs by another year till March 31, 2021

     ---  App-based invoice financing loans product to be launched, to obviate problem of delayed payments and cash flow mismatches for MSMEs

     ---  Amendments to be made to enable NBFCs to extend invoice financing to MSMEs

     ---  National Logistics Policy to make MSMEs more competitive

     ---  Rs 1,480 cr for National Textile Mission

     ---  New investment clearance cell to be set up

     ---  A new scheme will be launched to achieve higher export credit. The scheme will offer higher insurance cover, reduced premium for small exporters and simplified procedure for claim settlements.