The Indian government announced a new initiative to boost the country’s economy amidst the ongoing pandemic. The initiative, named the Economic Stimulus Package, aims to provide financial support to various sectors including agriculture, MSMEs, and tax relief for businesses. This move comes as India continues to battle the economic challenges brought on by the COVID-19 crisis. The package includes measures such as collateral-free automatic loans for businesses, a fund to support distressed MSMEs, and reforms in the agriculture sector to benefit farmers. The government also announced relief measures for the aviation and real estate sectors. Finance Minister Nirmala Sitharaman unveiled the package, highlighting the government’s commitment to reviving the economy and supporting businesses during these difficult times. The Economic Stimulus Package is expected to provide much-needed relief to businesses and individuals affected by the pandemic, as well as boost economic growth in the country. This initiative is part of the government’s efforts to mitigate the impact of the crisis and set the stage for a strong recovery post-pandemic. The announcement has been welcomed by various industry experts and analysts who believe that these measures will help stimulate economic activity and pave the way for a faster recovery. The government’s focus on supporting key sectors and providing relief to businesses is seen as a positive step towards rebuilding a resilient economy in India.