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Highlights: Nirmala Sitharaman announces measures under Atmanirbhar 3.0 to revive economy

Union finance minister Nirmala Sitharaman on Tuesday announced the third tranche of Atmanirbhar scheme with a view to revive the Indian economy which is affected by the coronavirus (Covid-19) pandemic.

During a press briefing this afternoon , she started by saying that the Indian economy has been witnessing a strong recovery adding that a stronger growth is expected in the third quarter.

She went on to expanded the scope of some of the existing schemes under Atmanirbhar 1.0 and Atmanirbhar 2.0.

Thereafter, a total of 12 announcements were made under Atmanirbhar 3.0 related to employment generation, manufacturing, housing, research and development for a Covid-19 vaccine and many others which amounted to 2.65 lakh crores.

Her address comes a day after the Centre approved a Rs 2 lakh crore production-linked incentive (PLI) package to boost demand in India. Union minister Prakash Javadekar had said that the purpose of the PLI scheme is to make the country a global manufacturing hub.

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