Direct Taxation
Faceless Appeals launched by CBDT as on 25.09.2020 – Honouring the Honest
The Income Tax Department has launched the mechanism of Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalized in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. The PM on 13th August 2020 while launching the Faceless Assessment and Taxpayers’ Charter as part of “Transparent Taxation – Honouring the Honest” platform, had announced the launching of Faceless Appeals on 25th September 2020. Under the Faceless Appeals, from now on, in income tax appeals, everything from e-allocation of appeal, e-communication of notice/ questionnaire, e-verification/e-enquiry to e-hearing and finally e-communication of the appellate order, the entire process of appeals will be online, dispensing with the need for any physical interface between the appellant and the Department. There will be no physical interface between the taxpayers or their counsel/s and the Income Tax Department.
Imposition of Charge on the prescribed electronic modes under section 269SU of the Income Tax Act 1961
In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy. the Finance (No. 2) Act 2019 inserted a new provision namely section 269SU in the Income-tax Act, 1961 (“the IT Act”), which provides that every person having a business turnover of more than Rs. 50 crores during the immediately preceding previous year shall mandatorily provide facilities for accepting payments through prescribed electronic modes. Further, a new provision namely section 10A was also inserted in the Payment and Settlement Systems Act 2007 (“the PSS Act”), which provides that no bank or system provider shall impose any charge on a payer making payment, or a beneficiary receiving payment, through electronic modes prescribed under section 269SU of their IT Act. Subsequently vide notification no. 105/2019 dated 30.12.2019 (i) Debit Card powered by RuPay; (ii) Unified Payments Interface (UPI) (SHIM-UPI); and (iii) Unified Payments Interface Quick Response Code (UPI QR Code) (SHIM-UPI QR Code) were notified as prescribed electronic modes under section 269 SU of the IT Act.
No requirement of script wise reporting for day trading and short-term sale or purchase of listed shares
In a welcome relief for taxpayers, CBDT said there will be no requirement of scrip-wise reporting in ITR, where the gains are from day trading shown as business income or in nature of short term capital gains, where no benefit of grandfathering is being claimed.
Long -term capital gains in equities above ₹1 lakh are now taxed at the rate of 10%. Also, the investments made until 31 January were grandfathered exempting gains earned up to 31 January 2018 for investments made earlier.
CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020
On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020.Order u/s 119(2a) issued.
CBDT issues Guidelines for Section 194-O and Section 206C (1H) on TCS on Sale of Goods
CBDT issues Guidelines for Section 194-O and Section 206C (1H) on TCS on Sale of Goods to include GST and Others: CBDT has issued certain clarifications with respect to TDS under section 194-O on e-commerce participants by e-commerce operators and TCS under section 206C (1H) on Sale of Goods vide CBDT Circular No. 17/2020 dated 29.09.2020 and clarifies that the threshold limit of sale consideration of Rs. 50 Lakh shall be computed inclusive of GST amount.
CBDT with the approval of the Central Government, hereby issues the following guidelines-
| Issues | CBDT guidelines |
| Applicability on Shares and securities, electricity, etc.: | Provisions of section 194-O and section 206C(1H) shall not be applicable in relation to- 1. Transactions in securities and commodities which are traded through recognized stock exchanges or cleared and settled by the recognized clearing corporation 2. Transactions in electricity 3. Transactions in renewable energy certificates and energy saving certificates traded through registered power exchanges |
| TDS by payment gateway | Payment gateway will not be required to deduct tax under section 194-O |
| TDS by insurance agent or insurance aggregator | Insurance agent or insurance aggregator having no involvement in transactions between insurance companies and the buyer of insurance policy then he would not be liable to deduct tax under section 194-O. This relaxation does not apply for the first year and applies from the subsequent years. |
| Calculation of threshold limit for the financial year 2020-21 | |
| For section 194-O | Since the threshold of Rs. 5 Lakh for an individual/ Hindu undivided family (being ecommerce participant who has furnished his PAN/Aadhaar) is with respect to the previous year, calculation of amount of sale or services or both for triggering deduction under section 194-O shall be counted from 1st April, 2020. |
| For section 206C(1H) | 1. Since sub-section (1H) of section 206C of the Act applies on receipt of sale consideration, the provision of this sub-section shall apply on all sale considerations (including advance received for sale) received on or after 1st October 2020 even if the sale was carried out before 1st October 2020Consequently, it would not apply on any sale consideration received before 1st October 2020.2. Since the threshold of Rs. 50 Lakh is with respect to the previous year, calculation of receipt of sale consideration for triggering TCS under section 206C(1H) shall be computed from 1st April, 2020.Hence, if a person being seller has already received Rs. 50 Lakh or more up to 30th September 2020 from a buyer, the TCS under section 206C(1H) shall apply on all receipt of sale consideration during the previous year, on or after 1st October 2020, from such buyer. |
| Applicability of TCS u/s 206C(1H)to sale of motor vehicle | Receipt of sale consideration from a dealer would be subjected to TCS under section 206C(1H) if such sales are not subjected to TCS under section 206C(1F).In case of sale to consumer, receipt of sale consideration for sale of motor vehicle of the value of Rs. 10 Lakh or less to a buyer would be subjected to TCS under section 206C(1H), if the receipt of sale consideration for such vehicles during the previous year exceeds Rs. 50 Lakh. |
| Adjustment for sale return, discount or indirect taxes | No adjustment on account of sale return or discount or indirect taxes including GST is required to be made for collection of tax under section 206C(1H) of the Act since the collection is made with reference to receipt of amount of sale consideration. |
| Fuel supplied to non-resident airlines | Provisions of section 206C(1H) of the Act shall not apply on the sale consideration received for fuel supplied to non-resident airlines at airports in India. |
Non-applicability of TCS under section 206C(1H) on shares and securities
The transactions in securities and commodities which are traded through recognized stock exchanges are excluded. It is not the case that TCS u/s 206C (1H) shall not apply to listed shares or Demat shares in all the cases. If the listed and Demat shares are transferred through off-market transactions, then the provisions of TCS under section 206C(1H) shall apply subject to the threshold limit.
Further, TCS shall be applicable in case of transfer of unlisted shares and securities including preference shares.
Applicability of TCS on sales return, discount and GST
GST: In the case of GST, it is clarified that TCS shall be collected on the amount of sales consideration inclusive of GST for the purpose of collection of TCS u/s 206C(1H). There was confusion about the includibility of GST while collecting tax under section 206C (1H). This confusion is now clarified, though unfortunate since this amount to a collection of tax on the tax amount.
Sales Return: It is clarified that no adjustment on account of sale return is required to be made for the collection of tax under sub-section (IH) of section 206C.
Discount: Similar is the case for the discount. Normally, discounts are of two nature – one is trade discount and the other is cash discount. Trade discount is given at the time of sale of goods, while cash discount is given for prompt or timely payment.
CBDT guidelines on the issue state that no adjustment shall be made for discounts.
Infrastructure Debt fund shall file its return of income as required be sub section (4C) of section 139 of Income Tax Act 1961
In exercise of the powers conferred by clause (47) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Infrastructure Debt Fund namely, the ‘L&T Infra Debt Fund (PAN: AACCL4493R)’ for the purposes of the said clause, for the assessment year 2018-2019 and subsequent years subject to the following conditions, namely:- (i) that the Infrastructure debt fund shall conform to and comply with the provisions of the Income-tax Act, 1961, rule 2F of the Income-tax Rules, 1962 and the conditions provided by the Reserve Bank of India in this regard, and (ii) that the Infrastructure debt fund shall file its return of income as required by sub-section (4C) of section 139 of the Income-tax Act, 1961 on or before the due date.
Income Tax Due date calendar for October 2020
| Due Date | Purpose | Period | Description |
| 7th Oct | TDS /TCS Liability Deposit | Sept ‘20 | Depositing TDS/ TCS liability |
| 15th Oct |
TDS Certificate
(Form 16B)
|
Aug‘20 | Issuance of TDS certificate for Tax deducted under section 194-IA** |
| 15th Oct |
TDS Certificate
(Form 16C)
|
Aug‘20 | Issuance of TDS certificate for Tax deducted under section 194-IB*** |
| 15th Oct | TDS Certificate (Form 16D) |
Aug‘20 | Issuance of TDS certificate for Tax deducted under section 194-M*** |
| 15th Oct | PF/ESI Payment | Sept’20 | Depositing contribution towards PF/ESI |
| 15th Oct | TCS Return (Quarterly ) | July to
Sept’20 |
Statement of TCS deposited under Income Tax Laws |
| 30th Oct | TDS Challan cum Statement in case of Section 194IA, 194IB and 194-M | Sept‘20 | Furnishing of challan-cum-statement under Section 194IA, 194IBand 194-M |
| 31st Oct | TDS Return (Quarterly) | July to Sept’20 | Statement of TDS deposited under Income Tax Laws |
| 31st Oct | Tax Audit Report | FY 2019- 20 (AY 20-21) |
Business, Traders, Professionals subjected to tax audit or audit under any law. |
(Above due dates are subject to any changes notified by the department based on recommendations and situations)
Indirect Taxation
Due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020
After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30th September 2020 to 31st October 2020.
GST – e invoicing mandatory for B2B transactions from October 2020
No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with an annual turnover of over Rs 500 crore for their business-to-business transactions starting October 2020.
Industry representatives, however, have urged the government to not make it mandatory and rather allow voluntary compliance.
The relief, however, would be there for relatively smaller businesses, as the threshold for mandatory e-invoicing, a step to improve tax compliance, was earlier planned to be kept at Rs 100 crore, is set to be raised to Rs 500 crore on the recommendations of an empowered panel of the Goods and Services Tax (GST) Council.
The initial date for its roll out was April 1, 2020, but the Centre notified October 2020, as revised date for implementation of e-invoicing.
Implementation of requirement of Dynamic QR Code on B2C invoices deferred to 1st December 2020.
CBIC had also mandated implementation of dynamic quick response (QR) codes on e-invoices from October 1 2020 which is now deferred to 1st December 2020. A QR Code contains details of an invoice such as GST identification numbers of suppliers, receiver and invoice numbers, which can be checked instantaneously without internet access. Insurance and banking companies, financial institutions, non-banking financial institutions, goods transportation agencies and passenger transportation services will be exempted from e-invoicing and dynamic QR codes.
Notification 71/2020-Central Tax dated 30.09.2020
CBIC grants caps late fees for not furnishing GSTR-10, provided the returns are filled between 22.09.2020 to 31.12.2020.
In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act which is in excess of two hundred and fifty rupees, for the registered persons who fail to furnish the return in FORM GSTR-10 by the due date but furnishes the said return between the period from 22 th day of September, 2020 to 31st day of December, 2020.”.
CBIC Grants waiver / reduction in late fee for not filing GSTR-4 from July 17 till March 20, provided the said returns are filled between 22.09.2020 to 31.10.2020
Late fee payable under section 47 of the Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March, 2020 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of October, 2020.
Revised time limit is 31st October 2020 for issuing invoices in case of goods being sent or taken out of India on approval for sales or return due between 20th March 2020 to 30th Oct 2020
CBIC has extended the time limit to 31st Oct, 2020 for completion or compliance of any action u/s 31(7) i.e. issuing invoices in case of goods being sent or taken out of India on approval for sale or return, which falls during the period from March 20, 2020, to October 30, 2020.
Time limit of compliance of Anti Profiteering Measures u/s 171 is extended
Any time limit for completion or compliance of any action, by any authority, has been specified in, or prescribed or notified under section 171 i.e. Anti Profiteering Measures of the CGST Act, which falls during the period from March 20, 2020 to November 29, 2020, and where the completion or compliance of such action has not been made within such time, then, the time-limit for completion or compliance of such action shall be extended up to November 30, 2020.
GSTN enables taxpayers to know ITC eligibility at invoice level while filing annual return
• Taxpayers are enabled to download of invoices which account for ITC in Table 8A of Form GSTR-9, Annual Return.
• Reasons for non-inclusion of an invoice in ITC value can be found out (difference between GSTR-2A and GSTR-9 can be understood better).
• GSTR-9 is an Annual Return mandated for Normal Taxpayers having turnover of over Rs. 2 Crore.
Goods and Services Tax Network (GSTN), the IT backbone of GST system in India has rolled over an important functionality which will help GST taxpayers know their exact eligibility of input tax credit (ITC) flowing in their Annual Return and thereby filing the annual return, i.e. GSTR-9 more conveniently.
Till now, the system used to compute eligible ITC based on suppliers’ GSTR-1 and due to the governing rules like those filed till last date etc. the break-up at invoice level was not provided. Taxpayers used to raise query on computation of ITC. To bring the entire computation to taxpayer by way of showing each and every invoice filed by the suppliers and showing eligibility against each, this functionality has been developed.
For this functionality, a new tab ‘Download Table-8A details’ has been introduced on the GSTR-9 dashboard of the GST portal from Financial Year 2018-19 onwards.
GST Portal amendments to ease compliance burden for tax payers
Since the inception of GST in the last three years, it’s been a tough journey for all the stakeholders in understanding and processing the system for compliance fulfilments. Though, there have been changes and flexibilities provided by the CBEC from time to time to ensure no default on taxes, still many areas seem to be inconsistent enough to give a sigh of relief to the taxpayers such as the gap between GST laws and the GST portal.
(For instance, the GSTN portal does not have an option to connect multiple invoices with a single credit note, or the unavailability of the option to fill the date of filing returns by the vendor, the inability to track the amendment of any invoices, incapability to submit negative values in form GSTR-3B and the list continues for long.)
Recently GSTN and GST policy section, have announced a way to resolve the adversities challenged by the taxpayers by notifying certain steps to be taken to advance the complete regulation framework.
Proposed Changes on the GST Portal in September 2020:
A series of changes have been announced including the crucial point to scrap new returns format announced last year and reformation of the existing GSTR-1 and GSTR-3B returns. Some of the key changes include-
• Improvement of the capability of the GSTN common portal to manage up to 3 lakh taxpayers at any point in time rather than 1.5 lakh as before.
• Ability to form a vendor/customer master for the taxpayer on the portal dashboard.
• An identical tool for taxpayers on the GST portal to affirm the particulars of purchase register and GSTR-2A.
• A communication linkage between buyer and supplier, to interconnect with the vendor for the missing invoices.
• Screening the status of registration and refund application on the portal dashboard.
• Assembling common errors come across by taxpayers on the portal and providing solutions thereof.
• Providing an option to download the form GSTR-2A for up to 500 transactions instantaneously in comparison with the present system where the taxpayers need to request generation of the form GSTR-2A in excel format
• Offering additional columns in Form GSTR-2A for up to 500 transactions directly stark comparison to the present system which needs to request for form generation.
• In case of revised invoices, the Form GSTR-2A shall display the details regarding the date of the amendment and original return which shall benefit in the maintenance of a list of the amended invoices.
• IGST paid on import of goods shall be displayed and transferred in the GST portal from ICEGATE (Indian Customs Electronic Gateway) on the dashboard of the GST portal.
• Auto- calculation of liabilities provided in GSTR-3B form founded on the data supplied in GSTR- 1 to reduce any possibility of differences among forms GSTR 1 and GSTR-3B.
• Linkage of forms GSTR- 2A and ICEGATE to GSTR- 3B for auto-transfer of ITC along with the ability to edit the quantity at the end of the taxpayer.
• Dissociate the original invoice details with credit and debit notes as well as amendments to credit /debit notes so that that the taxpayers are no longer needed to report the original invoice details while filing GSTR-1 and GSTR-6.
It is important to note that for ensuring smooth compliance executions without any technical problems, there is the utmost need for a simplified yet effective system for GST fillings. It is imperative to note that the relevant notifications and announcements regarding changes are expected to be released soon.
These measures would provide a great deal of ease in the compliance burden, allow provide much needed relief to the taxpayers, and would ensure better compliance. Thus, it could be said that the government is moving in a path of its vision of a fully automated tax ecosystem” and “expanding trust and transparency” amongst all stakeholders in India.
| Applicable form | Due Date | Obligation |
| GSTR 01 (T.O. more than 1.5 Crore) | 11/10/2020 | Monthly (September 2020) |
| GSTR 01 (T.O. up to 1.5 Crore) | 31/10/2020 | Quarterly ( July to Sept 2020) |
| GSTR 3B | 22/10/2020 | Annual Turnover of up to INR 5cr in Previous FY – Sept 2020 (Group A: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep) |
| GSTR 3B | 24/10/2020 | Annual Turnover of up to INR 5 Cr in Previous FY – Sept 2020 ( Group B: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) |
| GSTR 3B | 20/10/2020 | Annual Turnover of more than INR 5cr in Previous FY – Sept 2020 |
| GSTR 4 | 31/10/2020 | FY 2019-20 for Composition scheme |
| GSTR 5 | 20/10/2020 | Monthly- September 2020 for Non Resident tax payers |
| GSTR 5A | 20/10/2020 | Monthly- September 2020 for NRI, OIDAR service provider |
| GSTR 6 | 13/10/2020 | Monthly- September 2020 for Input Service distributor |
| GSTR 7 | 10/10/2020 | Monthly- September 2020 for TDS deductor |
| GSTR 8 | 10/10/2020 | Monthly- September 2020 for TCS Collector |
| GSTR 9 | 31/10/2020 | FY 2018-19 (Annual Return) |
| GSTR 9A | 31/10/2020 | FY 2018-19 (Composition Annual Return ) |
| GSTR 9C | 31/10/2020 | FY 2018-19 ( GST Audit Form) |
| GSTR CMP-08 | 18/10/2020 | July- Sept 2020 ( Quarterly for Composite scheme dealers) |
Ministry of Corporate Affairs (MCA)
Due Date for filing of all forms under CFSS 2020 and LLP settlement Scheme 2020 has been extended to 31.12.2020.
The entire economy of the nation is stagnant due to the current lockdown announced by the ruling in order to protect people from the COVID-19 pandemic. All the government authorized regulatory bodies are doing their best in providing relief to the individuals residing in India. One such organization is the Ministry of Corporate Affairs (MCA) that has come up with a brand new scheme named Companies Fresh Start Scheme, 2020 (CFSS) in the favor of businesses in India.
Apart from that, MCA has given relaxations to the LLPs by introducing some statutory changes in LLP Settlement Scheme, 2020. The main purpose of changes in the scheme is to give additional time and financial relief (in terms of compliance) to a certain extent to all the generous companies.
In the prolongation of the Ministry’s General Circular No. 12/2020 dated 30.03.2020, with the context of the disruption affected due to COVID-19, and after pending examinations it is decided to extend the scheme till 31st December 2020. The other provisions in the circular will not be changed.
Clarification on passing of ordinary and special resolutions by companies under the Companies Act, 2013 read with rules made there under on account of COVID-19
Time for conducting EGMs through Video Conference (VC) or Other Audio Visual Means (OAVM) also stand extended till 31.12.2020.
In continuation of the extensions being given for compliance relaxations previously announced, MCA has extended the time period up to which companies can conduct their board meetings through VCs or Other Audio Visual Mechanism for all items of business to 31.12.2020.
Extension of time – Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013
The Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 extended till 31.12.2020.
Company (Meetings of Board and its Powers) Third Amendment Rules 2020
MCA vide notification No. G.S.R. 590(E) dated 28th September, 2020 allowed following matters to be dealt with in any meeting held through video conferencing or other audio visual means for the period from 19th March 2020 and ending on 31st December, 2020 Provided that where there is quorum presence in a meeting through physical presence of directors, any other director may participate conferencing through video or other audio visual means-
(i) The approval of the annual financial statements;
(ii) The approval of the Board’s report;
(iii) The approval of the prospectus;
(iv) The Audit Committee Meetings for 2[consideration of financial statement including consolidated financial statement if any, to be approved by the board under sub-section (1) of section 134 of the Act]; and
(v) The approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.
Government gives one-year extension to Company Law Committee
The ministry of corporate affairs has extended the tenure of the Company Law Committee by one year to September 2021. The committee, constituted in September 2019, is now chaired by corporate affairs secretary Rajesh Verma.
It was set up to suggest measures to de-clog and improve functioning of the National Company Law Tribunal (NCLT) and make recommendations on various issues pertaining to implementation of the Companies Act as well as the Limited Liability Partnership Act.
The tenure of the “Company Law Committee is hereby extended up to two years from the date of that order i.e. up to 17.09.2021”, according to an order issued by the ministry.
The committee, which has a total of 11 members, has the mandate to submit recommendations in phases and subject-wise to the government from time to time as may be decided by the chairperson.
Insolvency and bankruptcy code (IBC)
The Centre suspended the operation of IBC for another 3 months
The Centre on 24th September 2020 suspended the operation of Insolvency and Bankruptcy code for another 3 months to protect company in distress from being dragged into bankruptcy tribunals in view of the crisis. The ministry of corporate affairs said the suspension of the code, issued initially for 6 months is extended for another three months starting from 25.09.2020.
Others
Parliament clears banking regulation bill to bring co-op banks under RBI
The Rajya Sabha on 22.09.2020 passed Banking Regulation (Amendment Bill), 2020 that aims to bring cooperative banks under regulatory framework of the Reserve Bank of India. The amendments have been made with a singular objective to protect depositors’ interest. The bill will now need President’s assent to become as law. As per the amendments, cooperative societies that function as banks will be governed by same rules as scheduled commercial banks and will be subjected to regulation by RBI.
Start up loans of up to Rs. 50 crore under priority sector as RBI revises norms
Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders.
Revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable energy, and health infrastructure.
Bank finance to start-ups (up to ₹50 crore); loans to farmers for installation of solar power plants for solarisation of grid connected agriculture pumps and loans for setting up Compressed Bio Gas (CBG) plants have been included as fresh categories eligible for finance under priority sector. Some of the salient features of revised PSL guidelines are:
1. To address regional disparities in the flow of priority sector credit, higher weightage have been assigned to incremental priority sector credit in ‘identified districts’ where priority sector credit flow is comparatively low.
2. The targets prescribed for “small and marginal farmers” and “weaker sections” are being increased in a phased manner.
3. Higher credit limit has been specified for Farmers Producers Organisations (FPOs)/Farmers Producers Companies (FPCs) undertaking farming with assured marketing of their produce at a pre-determined price.
4. Loan limits for renewable energy have been increased (doubled).
5. For improvement of health infrastructure, credit limit for health infrastructure (including those under ‘Ayushman Bharat’) has been doubled.
