Stimulus for construction, infrastructure and real estate
01 Dec 2020
On November 12, Finance Minister Nirmala Sitharaman announced 12 measures as part of the COVID-19 stimulus package and unveiled a new scheme called Atmanirbhar Bharat Rozgar. COVID-19 has hampered the growth of each sector in the economy and has impacted the livelihood of millions of people. Against this backdrop, the Finance Minister announced various incentives to rescue the economy from a historic contraction caused by the Coronavirus pandemic.
The moves are part of the Government's broader Atmanirbhar Bharat series of steps, aimed at bolstering a rebound of the ailing economy. An additional outlay of Rs.180 billion was announced for PM Awas Yojana – Urban (PMAY-U). This money will be provided over the budget estimates for 2020-21 for PMAY-U through