PM Narendra Modi announced Aatma Nirbhar Bharat Abhiyan in which Rs.20 lakh crore economic package to help individuals and business deal with the COVID-19 pandemic and the lockdown enforced to combat its spread and to, as he put it, trun the crisis into an opportunity.
Details of the package, which is equivlent of the little below 10% of the GDP will be announced over the next few days, staring Wednesday by finance minister Nirmala Sitharaman. Prime Minister Narendra Modi said the package Atmanibhar Bharat Abhiyan (Self-reliant India Mission) would cover land liquidity and law industry and businesses of all sizes and farmers, enterpreneurs and the middle class. Prime Minister repeatdly stress on the theme of self-reliance and the importance of keeping manufacturing market and supply chains local.
Addressing the nation for 5th time since March 2020, the PM Said that the central government will provide Rs.20 lakh crore in 2020. This Aatmanibhar Bharat Abhiyan package is inclusive of the already announced 1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana and 1.7 lakh crore package by the RBI. The main focus of Aatmanirbhar Bharat Abhiyan will be on making India a Manufacturing hub as the country has youngest workforce.
The central Bank has announced liquidity infusion and targeted credit measure aggregating anything between 4.5 lakh crore. That means the package to be announced over the next few days will total around 14 lakh crore.
Aatmanibhar Bhart Abhiyan 2020 Beneficiaries
There are the following major beneficiaries of Aatmanibhar Bharat Abhiyan 2020.
- Labourers/ Workers
- Daily Wage Earners
- Farmers
- Middle Class people who pay income tax to the government
- Upper Class people who give strength to the economy
- People who works for development of the country
Five Pillars of Growth under Aatma Nirbhar Bharat Abhiyan 2020
There are five basic pillars for the growth of the Atma Nirbhar Bharat Abhiyan 2020.
- Economy
- Infrastructure
- Our System
- Demography
- Demand and Supply Chain
4 L Factors of self Reliant India Campaign 2020
Hare are the Key factors which would be kept in mind to make 21st century of India.The main focus will be on the following 4 key factors (4 L`s):
- Land
- Labour
- Liquidity
- Laws
Prime minister said to achieve self reliance the economic package focuses on land, labour, liquidity and laws.
The remaing details of the Aatmanibhar Bhart Abhiyan will be released by Finance Minister Nirmala Sitharaman soon.