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8. Relief of ` 1500 crores to MUDRA- Shishu loans: GoI to provide interest subvention of
2 per cent to prompt payees for a period of 12 months. Small business under MUDRA to be
benefited.
9. Ease of doing business for business including MSMEs: The Government announced
further enhancement of ease of doing business through the Insolvency and Bankruptcy
Code (IBC) related measures which include (a) raising of the minimum threshold to initiate
insolvency proceedings to ` 1 crores from ` 1 lakhs (which largely insulates the MSMEs),
(b) special insolvency resolution framework for the MSMEs under Section 240A of the Code,
(c) suspension of fresh initiation of insolvency proceedings for up to one year depending
upon the pandemic situation and (d) empowering the Central Government to exclude COVID
19 related debt from the definition of “default” under the Code for the purpose of triggering
insolvency proceedings.

II. Packages for Power Sector- ` 90,000 crores liquidity injection for DISCOMs

III. Real Estate: The extension of registration and completion date of real estate projects under Real
Estate (Regulation and Development) Act (RERA). Ministry of Housing and Urban Affairs to advise
States/UTs and their regulatory authorities to the following effect:

1. Treat COVID-19 as an event of ‘Force Majeure’ under RERA.
2. Extend the registration and completion date suo-moto by 6 months for all registered projects
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expiring on or after 25 March 2020 without need for individual applications.
3. Regulatory Authorities may extend this for another period of up to 3 months, if needed
4. Issue fresh ‘Project Registration Certificates’ automatically with revised timelines.

5. Extend timelines for various statuary compliances under RERA concurrently.
These measures will de-stress real estate developers and ensure completion of projects so that
homebuyers are able to get delivery of their booked houses within new timelines.
IV. Public Sector Enterprise Policy for a New, Self-reliant India

• Government to announce a new coherent policy—where all sectors are open to the private
sector while public sector enterprises (PSEs) will play an important role in defined areas
• List of strategic sectors requiring presence of PSEs in public interest will be notified
• In strategic sectors, at least one enterprise will remain in the public sector but private sector
will also be allowed
• In other sectors, PSEs will be privatized (timing to be based on feasibility etc.)
• To minimize wasteful administrative costs, number of enterprises in strategic sectors will
ordinarily be only one to four; others will be privatized/ merged/ brought under holding companies.

Atmanirbhar Bharat 2.0 (second tranche of measures) provided ` 25,000 crores as additional
capital expenditure to the Ministry of Road Transport and Ministry of Defence
Atmanirbhar Bharat 3.0 (third tranche of measures) initiatives that impact the industrial sector
include:

• ` 1.46 lakh crores boost for Atmanirbhar manufacturing production-linked incentives for
10 Champion Sectors (details in Box 4)