Motilal Oswal: Government Announces Another Stimulus Focused On The Rural Sector
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Motilal Oswal Report
Exactly after a month that the ‘Atmanirbhar Bharat Abhiyaan 2.0’ package – which included announcements regarding consumption and investment – was announced on Oct. 12, 2020, the central government came out with its third round of stimulus package – ‘Atmanirbhar Bharat Abhiyaan 3.0’.
Announcements made under the third package include boost to formal employment through the Atmanirbhar Bharat Rozgar Yojana, the Production Linked Scheme announced on Nov. 11, 2020, extension of the Emergency Credit Line Guarantee Scheme (ECLGS 1.0) up to March 31, 2021, launch of ECLGS 2.0 for the 26 stressed sectors (as recognized by the Kamath Committee), income tax relief for developers and home buyers, and budget outlay for research and development toward the Covid-19 vaccine.
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