Table 13.

Fiscal support announced by Government of India.

Fiscal support initiatives announced by the government	Average Rank
Collateral-free loan to MSMEs (micro, small and medium enterprises)	3.13
Relaxation in statutory and regulatory compliances (income tax/GST)	4.19
Direct cash transfers	4.64
Easing of working capital financing	4.74
Equity infusion through a fund of funds for MSMEs (micro, small and medium enterprises)	4.79
Subordinated debt to stressed MSMEs	5.04
Reduction by 25% of existing rates of tax deduction at source and tax collection at source	6.26
Employee Provident Fund payment support	6.34
New definition of MSME	6.87
Extension up to 6 months for project completion without costs to contractors	7.63