• The Government announced a fresh set of measures, worth around Rs 1.2 lakh crore, as a new stimulus package under Atmanirbhar Bharat.

• Extending the Emergency Credit Line Guarantee Scheme (ECLGS) to 26 stressed sectors.
• Additional funding for housing and infrastructure sector.
• Anew scheme to promote job creation and additional outlay for rural employment.
• Changes are being made in tax laws to help clear unsold inventory of residential housing units up to Rs 2 crore.

• To support the economic recovery process.
• To boost job creation.
• Provide liquidity support to stressed sectors.
• Encourage economic activity in housing and infrastructure areas.

• Under the scheme, government will provide subsidy for provident fund contribution for adding new employees to establishments registered with EPFO.
• This scheme is estimated to cover over 99% of the establishments and 65% of all employees in the formal sectors.

Image source: The Hindu