New Delhi, Nov 12 (KNN) The Union Finance Minister Nirmala Sitharaman has announced the much awaited Atmanirbhar Bharat 3.0 package to boost economy today.

The Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs has been extended till March 31, 2021. The scheme provides for 20% of outstanding loan amount collateral-free fully guaranteed loan by the government.

The MSMEs including the business enterprises, individual loans for business purposes, MUDRA borrowers are eligible for this scheme.

The Rs 2.05 lakh crore have already been sanctioned and Rs. 1.4 lac crore disbursed to 61 lakh borrowers under this scheme as of November 12.

The new package also includes announcement that Rs. 3,000 crore will be given to EXIM Bank for promotion of project exports through Lines of Credit under IDEAS Scheme.

Another major job scheme is announced called ‘Atma Nirbhar Rozgar Yojana’ to create jobs to be effective from 1 October 2020. Under the scheme if new employees of requisite number are recruited from October 1, 2020 to June 30, 2021, the establishments will be covered for the next two years

The package also included new announcements for Fertilizers and Real Estate sectors too.