ENA MSME 2019-07-05 06:14:49 <p> ---- 50 crore rupees allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans<br /> ---- Payment platform for MSMEs to be created<br /> ---- A Payment Platform for MSMEs where they can upload the bills and process payment<br /> ---- Payment timing for MSMEs from Large Companies to be brought down<br /> ---- Pension benefit to be extended to around 3 crore retail traders and shopkeepers with an annual turnover less than 1.5 crores under Pradhan Mantri Karam Yogi Man Dhan Scheme<br /> ---- Loans up to Rs 1 crore for MSMEs within 59 minutes<br /> ---- Retail Investors to get access to invest in Government Securities / Treasury Bills<br /> ---- Existing Know Your Customer norms for Foreign Portfolio Investors to be rationalized and simplified, to make it more investor-friendly<br /> ---- Relaxation of KYC norms will better harness FPI investments<br /> ---- Local sourcing norms will be relaxed for FDI<br /> ---- Credit Guarantee Enhancement Corporation will be set up in 2019-20, action plan to deepen markets for long-term bonds with specific focus on infra sector to be put in place<br /> ---- Need to invest heavily in infra, digital eco &amp; job creation in MSMEs</p> <p> </p> 23083 https://knnindia.co.in/news/newsdetails/msme/announcements-for-msme-sector-highlights 2019-07-05 06:14:49 knnindia.co.in