{"id":2592,"date":"2020-05-06T11:38:55","date_gmt":"2020-05-06T06:08:55","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=2592"},"modified":"2024-07-11T11:44:59","modified_gmt":"2024-07-11T06:14:59","slug":"government-schemes-during-covid-19","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/government-schemes-during-covid-19\/","title":{"rendered":"Relief Measures by Government of India for Businesses During COVID-19"},"content":{"rendered":"

The global economy has been adversely affected by the COVID-19 pandemic, which has impacted most countries across continents. This pandemic has cast its shadows across different business lines with huge disparities in global production, supply chains and cross border as well as inter-country trade.\u00a0<\/span><\/p>\n

The spread of COVID-19 in India and its mitigation plan of a 53-days nationwide lockdown from 25 March 2020 to 17 May 2020 and a possibility of further extension of lockdown by several state governments, there is likely to be a significant impact across various sectors of the economy.\u00a0<\/span><\/p>\n

To address these adverse times and to make sure that businesses and the economy spring back to their feet, the Government of India has been preparing strategies and action plans. They are not only focusing on business continuity and sectoral revival but also on improving ease of doing business in the country by releasing notifications\/amendments\/circulars.\u00a0<\/span><\/p>\n

This article talks about some of the special measures initiated by the Central Government, Reserve Bank of India, Securities & Exchange Board of India (SEBI), Insurance Regulatory and Development Authority (IRDAI) and the sectoral ministries to boost businesses in India.<\/span><\/p>\n

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Table of Contents<\/p>\n