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Resource centre on India's rural distress
 
 

Centre rolls out ₹1.19 lakh-crore stimulus package

-The Hindu

Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment.

Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth 1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic.

The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a technical recession in the first half of 2020-21, include a 65,000 crore additional outlay for providing fertiliser subsidies to farmers.

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