Measures for MSMEs

Industrial establishments allowed after 20th April

Industrial establishments allowed after 20th April

Standard Operating Procedure(SOP) for MSMEs at Workplace

MSME Schemes, Ideas, Innovations and Research by Govt.

Building Business Back from Crisis

United Nations Industrial Development Organization mentions ISF contribution to MSME sector

Ministry of MSME Launches CHAMPIONS Portal

Ministry of MSME Launches CHAMPIONS Portal: view portal

Measures for MSMEs presentation by Finance Minister

Measures for MSME by Finance Minister part 2

Measures for MSME by Finance Minister part 3

GST

• Businesses having an annual turnover of less than Rs. 5 Crore can file GSTR-3B due in March, April and May 2020 by the 30th June 2020. No interest, late fee, and penalty to be charged.
• Businesses having turnover more than Rs. 5 crores will have to pay 9% p.a. Interest on any Tax Liability (However, they can file GSTR-1 up to 30th June 2020 without any late Fee).
• Last Date to opt for Composition Scheme extended to 30th June 2020.
• The due date for Return filing of Composition Dealers extended till 30th June 2020 (for Quarter ending 31st March 2020)
• The due date for filing Annual Return (GSTR-9) extended till 30th June 2020.
• The due date for any communication with GST Authorities falling between 20th March 2020 to 29th June 2020 has been extended to 30th June 2020.
• The payment date under Sabka Vishwas Scheme shall be extended to 30th June 2020. No interest for this period shall be charged if paid by 30th June 2020.

GST/INCOME TAX: RELIEF OF PENDING INCOME TAX REFUNDS UP TO 5 LAC

Relief to all business entities and individuals on the pending income-tax/GST/customs refunds up to Rs. 5 lakh, immediately..

Part-3 Filing Dates extended for providing relief to taxpayers

Part-2 Filing Dates extended for providing relief to taxpayers

Part-1 Filing Dates extended for providing relief to taxpayers

Advisory on Opting-in for Composition Scheme for 2020-21 - Extension of Dates

Extension of Interest Subsidy loan scheme at 4% to SC/ST entrepreneurs from Nationalised Banks/The Karnataka State Cooperative Central Banks (DCC Banks) with regard to the loans sanctioned by banks

Finance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak

• No Late Fees on any Filings made from 1st April 2020 to 30th September 2020 (irrespective of the due date of the filing)
• Maximum Interval between two board meetings shall be extended by 60 days for the next two quarters. (Up to 30th September 2020).
• Newly incorporated companies are required to file a declaration for Commencement of Business within 6 months of incorporation. An additional time of 6 more months shall be allowed.
• Every Company is required to have at least one resident director. Such a requirement has been relaxed (Until further notice).

Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partn…

Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partn…

Govt introduces ‘Companies Fresh Start’ scheme

MCA allows businesses to make fresh start on compliance defaults; Introduces two schemes:"Companies Fresh Start Scheme, 2020" and revised the "LLP Settlement Scheme starting 1 April 2020 to 30th September2020

Passing of Ordinary and Special Resolutions by Companies under Companies Act, 2013 on account of threat posed by Covid- 19

Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 and rules made thereunder on account of the threat posed by Covid-19.

EXTENDED DUE DATES BY Govt for all sectors

Extension of Due Dates & Facilitation Measures announced by Govt of India due to COVID19

Contribution to PM CARES FUND qualifys as CSR expenditure

MCA’s Frequently Asked Questions on eligibility of CSR expenditure related to COVID-19 activities

The Ministry of Corporate Affairs (MCA) has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, a set of Frequently Asked Questions (FAQs) along with clarifications are provided below for better understanding of the stakeholders.

Clarification on serving and passing of circulars and notices by MCA act dated 13th April.

ROC notification for extension of due dates for documents and process of registration of new companies.

DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS

Firms get relief from IBC fro 6 months

Order on holding meeting through VC and OVAM

Order to companies on dispatch of notice under 62(2) by listed companies

Financial Services

• Debit cardholders to withdraw cash for free from any other banks’ ATM for 3 months
• Waiver of minimum balance fee
• Reduced bank charges for digital trade transactions for all trade finance consumers

• Repo Rate decreased by 75 bps (0.75%) to 4.4%
  This would result in decreased interest rates on existing loans (Floating charge). New loans would also be available to the public at lower rates.
• Reverse Repo Rate has been decreased by 90 bps (0.90%)
  This would discourage banks to deposit monies with RBI and increase loans to the general public. Expect a better loan approval rate.
• 3 months moratorium on all term loans
  RBI has permitted banks to waive EMIs on all term loans that are outstanding as on 1st March 2020, for the next 3 months. The final decision to allow such a waiver will be taken by the bank.
• 3 months moratorium on all working capital financing
  RBI has permitted banks to allow the interest of working capital loans (Cash Credit/Overdraft) to be paid at the end of 3 months. The final decision to allow this will be taken by the bank.
• Reassessment of working capital loans
  RBI has permitted banks to recalculate drawing power on working capital loans by reducing margins on collateral security. Such recalculation shall not affect the credit rating of the borrower. Therefore, borrowers can apply for a higher credit limit on the same collateral security given.

• Fixed Repo rates cut by 25 basis points from 4.0% to 3.75%
• TLTRO2.0:To facilitate MSMEs an amount of 50,000cr has been conducted.
• Additional funding to NABARD,SIDBI & NHB for the MSME sector.
• Moratorium period to be excluded from 90 days NPA period.

RBI: Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit- Extension

• The deadline for filing of income tax return (Belated/Revised) for the financial year 2018–19 has been extended to 30th June 2020.
• People who want to opt for the new tax dispute resolution scheme, Vivaad se Vishwas scheme, can now do so before 30th June 2020 without facing the 10% penalty.
• Tax saving investments can be made before 30th June 2020, the benefit of which can be taken for the financial year 2019–20.
• Delayed payment of Advance tax, self-assessment tax, TDS, TCS, can be made with reduced interest rates. No late fee or penalty is applicable for payments made after 20th March up to 30th June 2020.
• Any time limit ending between 20th March and 29th March has been extended to 30th June 2020.

GST/INCOME TAX: RELIEF OF PENDING INCOME TAX REFUNDS UP TO 5 LAC

Relief to all business entities and individuals on the pending income-tax/GST/customs refunds up to Rs. 5 lakh, immediately..

EXTENDED DUE DATES BY Govt for all sectors

Extension of Due Dates & Facilitation Measures announced by Govt of India due to COVID19

• UCO Bank
  The bank said that they are addressing the cash flow issues faced by borrowers by offering an additional loan limit at the existing lending rate.

• Indian Bank
  1.Indian Bank launches 3 emergency credit facilities for agriculture sector Mumbai, Apr 2 (PTI) State-run Indian Bank on Thursday said it has launched three emergency credit facilities for the agriculture sector which has been affected by the nationwide lockdown on account of Covid-19.
  The lender is providing funding to agri-processing units, which can avail loans up to 10 per cent of their working capital limit, a bank statement said.
  Borrowers in the poultry segment can avail loans to a maximum of 20 per cent of their working capital limit and farmers cultivating crops / rearing animals and having KCC facility can avail 10 per cent of the limit as soft loan.
  These loans will be given for a period of six months. Last week, the Chennai-based lender had announced an additional funding facility for its large, MSME, retail pensioners and self-help groups (SHGs) customers. PTI HV MKJ
  
  View Source
  
  2.Indian Bank announced a COVID -19 emergency credit line (IBCECL) that will provide additional funding of up to 10% of the working capital limits with a maximum limit of Rs.100 crores. The loan tenor will be for 36 months with an initial moratorium of up to 6 months and would carry a fixed interest rate of 1-year MCLR.
  
  View Source

• SIDBI, Government of India
  1. Regional Incharge helpline numbers
  
  View Source
  
  2. Enlarged scope of SIDBI support to MSMEs
  
  View Attachment
  
  3. In Partnership with 24 Banks SIDBI is providing Working Capital / Term Loan in 59 minutes — Loans above Rs. 1 Lakh at 8.5% onwards — Eligibility: Active GSTIN, ITR for MSMEs
  
  Link to the program
  
  
  4. SIDBI is providing loans at 5% within 48 hours for MSMEs manufacturing any products or providing any services related to fighting Corona Virus, such as hand sanitizers, masks, bodysuits, ventilators, testing labs, clinics, etc
  
  View Source
  
  5. SIDBI to provide emergency working capital up to Rs 1 crore to MSMEs
  
  View Source

• Bank of India
  BoI is setting up an emergency credit line which will be made available very soon to provide some relief to the borrowers impacted by COVID?19

Many banks have reduced their repo linked lending rates following the Reserve Bank of India's (RBI) recent decision to cut repo rate by 75 basis points.

SIDBI to provide emergency working capital up to Rs 1 crore to MSMEs

Software

• Facebook
  Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses
  Link to the program
• Zoho
  Zoho has made a suite of productivity and business applications free until 1st July 2020
  Link to the program
  Zoho Relief Initiatives
  Link to the program


• Hootsuite
  Hootsuite, a social media management platform, is offering its Professional plan at no cost until July 1st, 2020 to help small businesses and nonprofits during the crisis
  Link to the program


• Shopify
  Shopify is working with governments to make provide capital offerings available in more countries. They are also offering a 90-day free trial for all new customers. Customers who are currently on trial can extend it to 90 days.
  Link to the program


• Lovelocal
  A free e-commerce platform for offline stores (who are selling essential goods) transition online and sell in their neighborhood
  Link to the program


• Headspace
  They are offering a collection of guided meditations and exercises available for free to all business owners and their employees.
  Link to the program


• LinkedIn
  LinkedIn is offering Learning courses about remote working for free.
  Link to the program


• Google
  They pledged to provide G Suite customers free access to their Hangouts Meet video-conferencing features which includes pro features like conducting meetings with up to 250 participants
  Link to the program


• Microsoft
  Microsoft Teams will be free for the next six months so that businesses can remotely coordinate during the crisis
  Link to the program


• Hashtag Loyalty (Save Local)
  Hashtag Loyalty is launching Save Local, a platform that helps customers purchase gift cards of their favorite businesses and support them during the crisis. Register here to add your business
  Link to the program

Ministry of Communications special helpline during Covid-19

Important Market Information for exporters

COVID-19 Temporary Trade Measures

Standard Operating Procedures, (SOPs) for movement of trucks/ tankers carrying essential commodities from UT of J&K to Ladakh

Standard Operating Procedures, (SOPs) for movement of trucks/ tankers carrying essential commodities from UT of J&K to Ladakh.Most of the business /essential items are transported from different states. There are no numbers mentioned yet. There is strict advisory issued for transfer of goods.(PFA the document)This seems important as it is a small UT.
ORDER Issued by the Administration of Union territory of Ladakh. Office of the Divisional Commissioner

Union Territories of Jammu and Kashmir and Ladakh will receive essential commodities and medical equipments through special air cargos /small charter planes during the lockdown

Union Territories of Jammu and Kashmir and Ladakh will receive essential commodities and medical equipments through special air cargos /small charter planes during the lockdown, stated by Union Minister Jitendra Singh Operation of small charter plane in Union Territory of Ladakh on urgent basis.
Orders Issued by the Administration of Union territory of ladakh. Civil Aviation and Tourist Department.

Goods and Essential Products Transportation

Standard Operating Procedures, (SOPs) for movement of trucks/ tankers carrying essential commodities and the procedure for applying.

Railways: Details of concerned officers for each Zone for booking in Special Trains

Please click below for the details of concerned officers for each Zone for booking in Special Trains. All interested can call them directly or at 138 for any details reg booking and charges.

All are requested to save this chart and share it with FPOs/ Farmer groups/Leading farmers/ Traders and all others for taking advantage of these trains for transport of their perishable produce.

Scheduled Parcel Special Trains (w.e.f. 08.04.2020)

Scheduled (Time-tabled) Parcel Special Trains (w.e.f. 08.04.2020)

List of Logistics Service Providers

List of logistics service providers with their contact details.

How to Send Your Goods from Station A to Station B?

Do You Want to Send Your Goods from
Station A to Station B?

If YES, follow the Two Step Process mentioned in the link below

Agri Transport Call centre for movement of perishables

Department of Agriculture, Govt Of India has started an All India *Agri Transport Call Centre* for coordination between States for inter state movement of perishables - Vegetables & Fruits, Agri Inputs like seeds, pesticides and fertilizer etc.

Call Centre Number (toll free): 

*18001804200* and

 *14488*.

These numbers can be called from any mobile phone or landline phones.

Truck drivers, Traders, Retailers, Transporters or any other stakeholders who are facing problems in inter-state movement of above commodities,  may seek help by calling at these numbers. Call Center Executives will forward the vehicle & consignment details along-with the help needed, to State Govt. officials for resolution of issues.

Helpline numbers for parcel express trains of south eastern railways

Indian Railway notice freight traffic,dated 24-03-2020

Parcel Managem System