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Govt Approves Rs 50K Crore Equity Infusion for Msmes

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Govt Approves Rs 50K Crore Equity Infusion for Msmes Page-1_Layout 1 01-06-2020 22:35 Page 1 DELHI , UP www.topstory.online www.topstorypaper.com www.facebook.com/topstorypaper TDELHI , T UESDAY 02 J UNOE 2020 P STOVOL -07, I SSRUE - 056, P AGES - 8Y , P RICE ₹ 2.00 Wajid Khan, of music Trump faces election risks Racism not just in composer duo in looming Supreme Court football, it's in cricket Sajid-Wajid, dies at 42 ruling on 'Dreamers' too, says Chris Gayle FiLM PAGE-8 WoRLd PAGE- 7 SPoRTS PAGE-6 3 dELHi Govt approves Rs 50K crore Jammu The Pakistani hree heavily-armed equity infusion for MSMEs Pakistani terrorists terrorists made the Delhi's borders 3w Perea kkilleids ats athen taebrorrtiover aitstetmsp t to to be sealed for a n The Cabinet Committee on Economic Affairs chaired by n The approval for provisioning of Rs 20,000 crore Army scuttled a sneak into the Kalal week, announces major infiltration bid along area of nowshera PM Narendra Modi also cleared the upward revision of the as subordinate debt to provide equity support to Tthe Linke oif Clolnetrdol ( LaoCs) i n Army foils Kejriwal definition of micro, small and medium enterprises (MSMEs) the stressed MSMEs will benefit 2 lakh such MSMEs Nowshera sector of Jammu from Pakistan-occu - iand fKiaslhtmrira’s Rtaijoourni di s b- idpi ead loKanshgmi rL (oPoC K) New Delhi will help in attracting invest - trict, officials said on Mon - on May 28 but were he government on ments and creating more day. Monday approved jobs in the MSME sector," The Pakistani terrorists killed in the subse - provisioning of Rs an official statement said. made the abortive attempt quent counter-infil - 20,000 crore as In another significant de - to sneak into the Kalal area tration operation, the sub ordinate debt to provide cision, the Cabinet cleared a of Nowshera from Pak - UP-STATE Tequity support to stressed scheme under which street istan-occupied Kashmir officials said. MSMEs and proposed equity vendors can avail a working (PoK) on May 28 but were items, medicines and Rs 5 infusion of Rs 50,000 crore capital loan of up to Rs killed in the subsequent 17,000 in Indian currency for units through a Fund of 10,000, repayable in counter-infiltration opera - was recovered from the Funds as part of the roadmap monthly instalments in the tion, the officials said. rucksacks which were to implement the package tenure of one year. They said bodies of all found left abandoned by announced for the sector. The scheme -- PM the three terrorists were the terrorists while trying Hry has opened The Cabinet Committee SVANidhi -- is likely to ben - found by the search parties to flee back in the face of on Economic Affairs efit about 50 lakh people, Monday morning but could the heavy firing by the In - interstate borders (CCEA) chaired by Prime including vendors, hawkers, not be retrieved due to dian Army. but situation to Minister Narendra Modi thelewalas, and rehriwala. close proximity of the The area is still under also cleared the upward re - Information and Broad - enemy posts and the lurk - domination and opera - be assessed vision of the definition of casting Minister Prakash ing threat of firing during tions are in progress, the daily: Anil Vij micro, small and medium Javadekar said the Ministry any attempt to recover officials said. enterprises (MSMEs). of Housing and Urban Af - them. According to the intel - It cleared enhancing the fairs has launched a Special However, a large quan - ligence agencies, two turnover limit for classifying Micro-Credit Facility tity of arms and ammuni - groups of unidentified ter - units as "medium" units to Scheme - PM SVANidhi - tion, including two AK rorists, concentrated at SPoRTS Rs 250 crore from Rs 100 PM Street Vendor''s Atam - assault rifles with 13 filled Pakistan Post and Sardari, 6 crore announced last month Cabinet meeting. framework to help MSMEs crore of funds at daughter NirbharNidhi, for providing magazines, a US-make M- opposite Gurez Sector, along with the package for The approval for provi - in capacity augmentation funds level, Gadkari said, affordable loans to street 16A2 rifle with six filled were planning to infiltra - the sector. sioning of Rs 20,000 crore and also provide an oppor - adding that he hopes this vendors. magazines, a 9-MM Chi - tion. The CCEA also decided as subordinate debt to pro - tunity to them to get listed "revolving fund" will multi - This scheme will go a long nese pistol, an Under Bar - The agencies also that the turnover with re - vide equity support to the in stock exchanges. ply in value terms signifi - way in enabling them to re - rel Grenade Lau ncher pointed that another set spect to exports will not be stressed MSMEs will bene - A fund of funds with cor - cantly in the coming years. sume work and earn liveli - (UBGL) with six grenades, are Jaish-e-Mohammed- Amit, Vikas counted in the limits of fit 2 lakh such MSMEs, pus of Rs 10,000 crore will "With today''s approval, hoods, he said, and added it five hand grenades and led unidentified terrorists turnover for any category of Gadkari said. be set up, which will be op - implementation Modalities for the first time that street two knives, was recovered are concentrated at Kel nominateBUdS fionrE SKS hel MSME units whether Besides, equity infusion erated through a mother and Road Map for entire vendors have become bene - during the operation, the and Tejian which is oppo - Ratna by BFI; 3 micro, small or medium, of Rs 50,000 crore for fund and few daughter components of the Atam - ficiaries of an urban liveli - officials said. site Machhal Sector and na7mes for Arjuna MSME Minister Nitin Gad - MSMEs through Fund of funds. The fund structure nirbhar Bharat Abhiyan hood programme. In addition, they said, a were planning infiltration. kari told reporters after the Funds will establish a will help leverage Rs 50,000 package are in place. This ConTd on P-2 large quantity of food Agencies Govt extends crop loan New Delhi repayment date ours after mak - New Delhi through 472 government till Aug 31; ing it public, the ndia’s COVID-19 re - and 204 private laborato - Ministry of covery rate had been ries (total 676 laboratories). prompt re-payers Home Affairs on improving and stood Cumulatively, 38,37,207 to benefit Monday put on hold a list of at 48.19 per cent now, samples have been tested so Hnon-Swadeshi products not whereas the rate of fatality far for COVID-19, whereas, to be soMld atH CenAtral Aprmued ts on hold list of non- Ihas seen a steady decline to 1,00,180 samples were MARKET Police Forces (CAPFs) can - reach 2.83 per cent, the tested on Sunday. Steewns, saaydinge thserhe wie rie tems for CAPF canteens Union Health Ministry said vPresenting the case fa - SEnSEX niFTY discrepancies and a fresh Ionn Modndaiy aas th'es dea tCh tolol vid recovery rate imtaplity rrateo for vcouintnries ghav ,- 33303.52 9826.15 list would be released soon. rose to 5,394 and the num - ing the highest number of 879.42 245.85 The MHA on May 13 had ber of infections climbed to deaths, vide WHO situation declared that the nation - 1,90,f53a5. tality rate declining: Goverrepnortm-132 deatend Mt ay 31, GoLd SiLVER wide network of over 1,700 The country has regis - the ministry said USA with 47,085.00 50,741.00 Central Police Canteens cluded many made in India CPCs followed Prime Min - tered a record single-day Ministry said. down further to 3.15 per 1,01,567 deaths has a case 431.00 623.00 (CPCs) or CAPF canteens products, leading to it being ister Narendra Modi’s ap - spike of 8,392 cases and The recovery rate had im - cent on May 18. fatality rate of 5.92 per cent US doLLAR EURo will only sell indigenous or put on hold. peal to the people to buy 230 deaths till Monday 8 proved from 11.42 per cent “A steady decline can be while UK with 38,376 75.7300 84.1975 ‘swadeshi’ products from The fresh instructions local products and be vocal am and is now the seventh on April 15 to 26.59 per cent seen in the case fatality rate deaths has a case fatality -0.05 -0.18 June 1 in a bid to give a fillip come just hours after a gov - about them. “Vocal for worst-hit nation by the on May 3 and to 38.29 per in the country. The relatively rate of 14.07 per cent. PoUnd 94.1543 to domestic industries. ernment order said that Local,” he had declared in COVID-19 pandemic, after cent on May 18, the min - low death rate is attributed Italy, Spain, France and The MHA has asked the over 1,000 products manu - his address. US, Brazil, Russia, UK, istry said. to the continued focus on Brazil with 33,340, 29,043, Central Police Welfare factured by firms like The CAPFs—CRPF, BSF, Spain and Italy. Presently, there are surveillance, timely case 28,717 and 27,878 deaths WEATHER Board to put on hold its list, Dabur, VIP industries, Eu - CISF, ITBP, S SB and The number of active 93,322 active cases in the identification and clinical have a case fatality rate (CFR) Sunrise 5:24 AM issued earlier in the day, reka Forbes, Jaquar, HUL NSG—canteens do an es - COVID-19 cases stood at country which are under ac - management of the cases,” of 14.33 pc, 12.12 pc, 19.35 pc Sunset 7:15 PM barring 1,026 items of over (foods), Nestle India will timated business worth 93,322 while 91,818 people tive medical supervision.
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