Finance Minister announced 12 key measures under the Atma Nirbhar Bharat 3.0.

  As part of efforts to revive the derailed COVID-19-hit economy, the Modi government on Thursday announced the 'Atmanirbhar Bharat 3.0 package' and 'Atmanirbhar Bharat Rozgar Yojana' for those, who lost their jobs during the pandemic.

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced 12 key measures, as part of the Centre's stimulus to the economy, under the Atma Nirbhar Bharat 3.0.

The net stimulus announced today amounts to Rs 2.65 lakh crore.

Ms Sitharaman further said the total stimulus announced by the Government and the Reserve Bank of India till date, to help the nation tide over the COVID-19 pandemic, works out to Rs 29.87 lakh crore, which is 15 per cent of national GDP.

Out of this, stimulus worth nine per cent of GDP has been provided by the government.

Addressing a press conference here, Ms Sitharaman and Minister of State for Finance Anurag Thakur said that 12 schemes are being announced in this new package.

The Finance Minister said that recent figures are showing signs of improvement in the economy. The GST revenue collection has reached Rs 1.05 lakh crore in October, she added.

The Minister said that Reserve Bank of India has also indicated positive growth of the economy in the third quarter itself.

The stock market is also touching a new record level. FDI investment has also been positive, she noted.

Ms Sitharaman said that Foreign exchange reserves have also reached a record 560 billion dollars. Railways have increased freight by 20 per cent. Bank loan disbursement increased by five per cent in the same sequence.

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