Nirmala Sitharaman Press Conference Live | Atmanirbhar Bharat 3.0 Package: 12 Measures Announced
Nirmala Sitharaman, India’s finance minister, wears a protective mask while speaking during a news conference in New Delhi. (Photographer. T. Narayan/Bloomberg)

Nirmala Sitharaman Press Conference Live | Atmanirbhar Bharat 3.0 Package: 12 Measures Announced

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Watch Live: Finance Minister Nirmala Sitharaman's Address To Press

12) R&D Grant For Covid Vaccine Development

  • Rs 900 crore to be provided for Covid Suraksha Mission for Research and Development to Department of Biotechnology
  • Provision being made only towards research activity
  • Actual cost of vaccine and logistics required for distributing the vaccine is different, and will be provided
  • Rs 2,65,080 crore is the estimated cost for all the measures announced

11) Capital And Industrial Stimulus

  • Rs 10,200 crore is being additionally provided towards capital and industrial expenditure
  • Amount will be spent towards domestic defence equipment, industrial incentives, industrial infrastructure, and green energy.

10) Boost For Project Exports

  • Rs 3,000 crore to be given to EXIM Bank for promotion of project exports through line of credit under IDEAS scheme.
  • About 811 export contracts amounting to $10.50 billion being financed under LoCs.

9) Additional Outlay on PM Garib Kalyan Rozgar Yojana

  • Additional outlay of ₹ 10,000 crore is being provided for PM Garib Kalyan Rozgar Yojana, announces Finance Minister Nirmala Sithataman
  • Funds can be used for MGNREGA or for Gram Sadak Yojana, will help accelerate rural economy

8) Support Of Rs 65,000 Crore For Subsidised Fertilisers

  • Rs 65,000 crore fertilizer subsidy will be provided to farmers.
  • Fertilizer consumption is going up significantly, increased supply of fertilizers will ensure that forthcoming crop seasons will not be affected for want of adequate fertilizers.
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