The financial package continues the government’s efforts to help all sectors of society: PM Modi | India News
In a tweet, he said these initiatives will help create jobs, alleviate stressed sectors, ensure liquidity, boost manufacturing, energize real estate and support farmers.
Today’s Aatmanirbhar Bharat package continues our efforts to help all sectors of society. These initiatives… https://t.co/JlGUxyOTDO
– Narendra Modi (@narendramodi) 1605192848000
Finance Minister Nirmala Sitharaman announced a tax break on select home sales deals, improved the small business credit guarantee program, and provided incentives for new job creation as the government expanded stimulus measures for boost the economy.
The measures, which also include an additional subsidy for fertilizers and the already announced production-linked incentive scheme for manufacturing units, totaled Rs 2.65 lakh crore, bringing the cumulative stimulus package announced since the coronavirus lockdown to almost Rs 30 lakh crore or 15 percent. of the Gross Domestic Product (GDP).