For Quick Alerts
For Daily Alerts

Shopowners With Turnover Less Than Rs. 1.5 Crore To Be Offered Pension Benefits


Nirmala Sitharaman to provide easy access to credit for MSMEs said that allocation of Rs. 350 crore, under the interest subvention scheme, is for 2% interest subvention for all MSMEs registered under GST on all new as well as incremental loans.

Shopowners With Turnover Less Than Rs. 1.5 Crore To Get Pension Benefits

Also, the government is considering a launch of a payments portal dedicated exclusively for MSMEs such that all payments related issues can be addressed on the portal itself. "Government payments to suppliers and contractors are a major source of cash flow especially to MSMEs. Investment in MSMEs will receive a big boost if delays in payments are eliminated."

Under a new scheme named Pradhan Mantri Man Dhan scheme, the government announces providing pension benefit to 3 crore shopowners with annual turnover of less than Rs. 1.5 crore.

Story first published: Friday, July 5, 2019, 12:55 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more