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.