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Finance Minister Sitharaman announces Self-Reliance India 3.0

Bijaya Laxmi by Bijaya Laxmi
November 12, 2020
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New Delhi: Finance Minister Nirmala Sitharaman has announced an encouraging package under Self-reliant India 3.0 to strengthen the country’s economy. The move was taken by the Ministry of Finance with the aim of promoting employment in the country and strengthening employment through the Self-reliant India Scheme. Twelve steps are being taken under this exciting package. Announcing the Self-Employment India 3.0 Employment Scheme on Thursday, he said the scheme would encourage the creation of new employment opportunities in the recovery phase of Kovid-16. This applies to those who earn less than Rs 15,000 per month in EPFO-registered institutions. The central government will fill the EPF for new employees in this category. He added that it would take effect on October 1. The facility will remain in force for two years. A few days ago, a Reserve Bank of India (RBI) panel commented on the Indian economy that India is facing a financial slowdown. But Finance Minister Sitharaman denied the allegations, saying that the market had reached a high level and the foreign exchange reserves had touched $ 570 billion. In that sense, it is possible to have a slowdown. Union Minister Nirmala Sitharaman added that the country’s economic situation was improving rapidly. GST collection has increased by 10 percent. There has also been good progress in investment. International rating agencies also point out that the country’s GDP has improved. There has also been a good increase in foreign exchange reserves. Banks’ credit growth has also increased, Sitharaman said. The One Nation One card system has been in effect since September 1. ୬୮. 4 crore people have benefited from it. Migrant workers can buy rations from anywhere in India. 27.72 lakh applications have been received under the Prime Minister’s Swanidhi Yojana. 13.6 lakh loan applications have been approved. Rs 1,343,33 crore has been sanctioned for this purpose. 143.18 lakh applications have been received for Kisan credit cards. Kisan credit cards have been issued to 154.8 lakh eligible farmers. For this, Rs 1,93,272 crore has been sanctioned in two phases.

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The country’s production capacity will increase, with the Center bringing in a Rs 2 lakh crore scheme

The country's production capacity will increase, with the Center bringing in a Rs 2 lakh crore scheme

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