Monday's meeting was the first held by the Union Cabinet after the Modi 2.0 government entered its second year in office.
The new revisions have been made 14 years after the MSME Development Act came into existence in 2006.
The government said the decision on equity infusion will also enable micro, small and medium enterprises (MSMEs) to get listed on stock exchanges.
The threshold for insolvency will also be raised to Rs one crore from the current Rs one lakh which will be supportive for the MSME sector, the Centre said.
As the industry awaits to restart factories and financial activities, this stimulus is expected to provide the fillip. Crucial to this growth is revival of sectors like farming, MSMEs, capital goods.
The package involves relieving MSMEs of one of the biggest obstacles they face in obtaining financial support: the need to provide sufficient collateral to banks and non-banking financial companies (NBFCs).
Under the scheme, investments will be made in both primary and secondary market transactions in investment grade debt paper of these institutions.
The move is part of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday evening.
China has a trade surplus with almost every country in the world, but it has now transformed into trust deficit. Now, every country wants to pull out their investment from China.
Even if the lockdown is completely lifted, certain businesses will not be functioning at full capacity for at least another 6 months as the international supply chains may still be broken,
P Chidambaram asked the government to prepare an exit strategy in view of the lockdown and look into the issue of migrants stranded in different place due to it.
The Finance Ministry said an economic package was being worked out which will be announced soon.
India's GDP is growing around five per cent from a high of eight to nine per cent earlier. Certainly, global slowdown is not the sole reason.
Manmohan Singh predicted that it will take India a few years to get out of this slowdown, "provided the government acts sensibly now".
The broad expectations of 2019 Budget are: spur growth, keep the fiscal deficit in check and preserve government borrowing under control.
With the overhaul of Micro, Small and Medium Enterprises (MSME) policies, Chief Economic Adviser KV Subramanianaims to make dwarfs into giants
Finance Minister Nirmala Sitharaman will be presenting the first full Budget of the Modi 2.0 government Friday amid high expectations from the industry for a big push to the slowing economy.
Gadkari said the ban on the entry of corporates and private players in MSME sector has been lifted to pave way for the formation of 700 clusters in order to reduce dependence on imports as well as for job creation.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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