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Aatmanirbhar Bharat Abhiyaan

Centre to establish research reactor in PPP mode for production of medical isotopes Private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacities Private participation in Space activities Government to enhance the quantum of Viability Gap Funding up to 30 pct each of total project cost as VGF by Centre, State and Statutory Bodies To boost private sector investment in Social Infrastructure through revamped Viability Gap Funding Scheme Power Distribution in Union Territories will be privatised Generation and Transmission project developers to be selected competitively DISCOMs to ensure adequate power; load-shedding to be penalized Convergence between Defence sector and the Civil MROs will be established to create economies of scale Tax regime for MRO ecosystem rationalized Another six airports will be put out for round 3 bidding Six more airports identified for round 2 for operation and maintenance on PPP basis Restrictions on utilisation of the Indian Air Space to be eased so that civil aviation becomes more efficient FDI limit in Defence manufacturing under automatic route to be raised from 49 pct to 74 pct ‘Make in India’ for self-reliance in Defence production Centre to remove distinction between captive and non-captive mines Govt will introduce joint auction of Bauxite and Coal mineral blocks to enhance Aluminum Industry’s competitiveness 500 mining blocks will be offered through an open and transparent auction process Introduction of seamless composite exploration-cum-mining-cum-production regime Ease of doing business measures, such as mining plan simplification will be taken up Coal Bed Methane (CBM) extraction rights to be auctioned from CIL’s coal mines Coal gasification, liquefication will be incentivised through rebate in revenue share Coal production earlier than scheduled will be incentivised through rebate in revenue-share Partially explored coal blocks too to be auctioned Nearly 50 coal blocks to be auctioned immediately Entry norms in Coal sector will be liberalized Any party can bid for a coal blocks and sell in the open market Revenue sharing mechanism instead of regime of fixed Rupee per tonne in Coal sector Introduction of commercial mining in Coal sector Incentive schemes for promotion of New Champion sectors Ranking of states on investment attractiveness Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central, State Govts Fast track Investment Clearance through Empowered Group of Secretaries (EGoS) Policy Reforms introduced to fast-track investment effort Special economic package worth Rs 20 lakh crore announced Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight COVID-19 The relief package amount is equivalent to 10 pct of India’s GDP Package for cottage industry, MSMEs, labourers, middle class, industries, among others Rs 3 lakh crore collateral-free automatic loans for MSMEs Additional working capital finance of 20 pct of the outstanding credit as on 29 Feb 2020, in the form of a Term Loan at a concessional rate of interest, will be provided 100 pct collateral guaranteed by government providing a total liquidity of Rs 3 cr to over 45 lakh MSMEs Rs 20,000 cr subordinate debt for stressed MSMEs Govt to provide a support of Rs 4,000 cr to CGTMSE CGTMSE will provide partial Credit Guarantee support to Banks Rs 50,000 cr equity infusion for MSMEs through Fund of Funds Fund of Funds with Corpus of Rs 10,000 cr will be set up Fund of Funds will be operated through a Mother Fund and few Daughter funds Fund structure will help leverage Rs 50,000 cr of funds at Daughter funds level Definition of MSMEs to be revised Any firm with investment up to Rs 1 cr and turnover under Rs 5 cr will be classified as ‘Micro’ Firm with investment up to Rs 10 cr and turnover up to Rs 50 cr will be classified as ‘Small’ Firm with investment up to Rs 20 cr and turnover under Rs 100 cr will be classified as ’Medium’ Distinction between the manufacturing and service sector will also be eliminated Global tenders to be disallowed up to Rs 200 cr Amendment in procurement of tenders to support Make in India initiative E-market linkage for MSMEs to be promoted to act as a replacement for trade fairs and exhibitions MSME receivables from govt and CPSEs to be released in 45 days Rs 2,500 cr EPF Support for Business & Workers for 3 more months Govt’s contributes on behalf of employer and employee to EPF to be extended by another 3 months Govt will launch Rs 30,000 cr Special Liquidity Scheme for NBFCs, HFCs and MFIs Existing Partial Credit Guarantee scheme is also being revamped PFC, REC to infuse liquidity of Rs 90,000 cr to DISCOMs against receivables Amount will be used by DISCOMS to pay their dues to power generation and transmission companies Central agencies such as Railways, MoRTH, CPWD to give extension of up to 6 months without costs to contractor Extensions will cover obligations like completion of work, intermediate milestones etc and extension of concession period in PPP contracts State governments are being advised to invoke the Force Majeure clause under RERA Registration and completion date for all registered projects will be extended up to six months expiring on or after 25 March 2020

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