The Indian government has implemented several key initiatives to address the economic challenges during the COVID-19 pandemic and the subsequent lockdown period. Here are some of the major economic policies and relief measures taken:

• Pradhan Mantri Garib Kalyan Yojana: A relief package worth INR 1.7 lakh crore was announced, providing assistance to the poor, especially daily wage laborers and farmers.
• Atmanirbhar Bharat Abhiyan: A comprehensive economic package of INR 20 lakh crore was introduced to revive and boost various sectors, including agriculture, MSMEs, banking, and more.
• Emergency Credit Line Guarantee Scheme: A collateral-free loan scheme was launched to provide liquidity support to MSMEs, with a credit guarantee of up to 20% of the outstanding amount.
• Rural Employment Generation Program: MGNREGA was allocated an additional budget of INR 40,000 crore to provide employment to rural workers.
• Income Tax Relief: Various tax relief measures were introduced, such as extending the deadline for income tax payments and reducing TDS rates.
• Reforms in Agriculture: Essential commodities act was amended, allowing farmers to directly sell their produce to buyers without going through APMCs.
• Liquidity Support to Banks: The Reserve Bank of India provided liquidity to banks to facilitate lending and support economic activities.

These initiatives aimed to provide financial assistance, boost employment, enhance liquidity, and promote economic growth during the challenging times of the COVID-19 pandemic.