Business Council
for Cooperation with India

India adopts business support package

In 2020 the Government of India adopted 3 packages of measures to stimulate the economy and to support business. The first stimulus package was announced in May 2020, the second in October 2020 and the third on November 12, 2020 For the implementation of this program the Government of India has allocated about $ 36,2 billion.
The Aatmanirbhar Bharat 3 Abhiyan stimulus package announced by the Finance Minister has been designed to increase employment opportunities in the recovery phase after the COVID-19 pandemic, support multiple sectors through Production-Linked Incentives (PLIs) as well asextension of the Emergency Credit Line Guarantee Scheme (ECLGS) to non-MSMEs as well.
The package of measures includes subsidies from the central government of India, extension of the Emergency Credit Line Guarantee Scheme, Manufacturing Production-Linked Incentives for Multiple Sectors, support for the real estate, construction and infrastructure sector, equity infusion in NIIF debt platform, support for the agricultural sector and rural employment, boost of exports, industrial and capital expenditure.
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