how the relief package are help full to middle class| India’s Rs 20 lakh crore Covid relief package one among the largest in the world | Loan Without Guarantee @ MSME up to 3 Crore rupees
how the relief package are help full to middle class :- The prime minster of India Announced the a huge package of 20 lakh crore on Tuesday evening . The road map of utilization of 6 lakh crore are decided last day by Finance minister Nirmala Sitaraman.Mrs. Sitarama announced 15 different Yogna which are going to too help full foe especially micro and macro organisation which are at the last stage of shut down, Due to COVID-19. Total 5,94,250 crore rupees are Seeded for all the 15 projects which are going to too help full for to middle class people.
Effect of Relief on Middle Class people :-
Out of 15 project 11 are based on the improvement of small and middle industries. These kind of Industry are too helpful for the employment point of view. The E pf fund will reduced to deduct by 4% that direct result to increase the In-hand Salary to the Employees. For the Workers of small industries less than 100 workers, Government will deposit the fund of EPF of employees side till of June to August. Initially the percentage of EPF are 12-12 % now it is 10-10 %. This step by central government are going to be relief for middle class.
Loan Without Guarantee @ MSME up to 3 Crore rupees by Central Government :-
There is a huge changes take place randomly in the Ministry of Micro, Small and Medium Enterprises (MSME) scheme which are really demand of time. According to this changes now the Loan available for small and medium organisation up to 3 crore without any kind of guarantee which i.e earlier taken by the Government. Now the the central government are going to be guarantee for this loan under this scheme of MSME. This is really going to be too helpful to the new young Entrepreneur.
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