What is the economic package under Atmanirbhar Bharat Abhiyan?

The package includes a total of Rs. 20 Lakh Crores in financial to help revive the economy and provide relief to various sectors affected by the COVID-19 pandemic.

Govt Schemes

Atmanirbhar Bharat Abhiyan

By Akash Saharan

Updated: January 21, 2023

Atmanirbhar Bharat Abhiyan - PrepareExams — Atmanirbhar Bharat Abhiyan

Atmanirbhar Bharat Abhiyan, also known as (Self-Reliant India) is an economical package announced by the Indian Government in May 2020 in response to the economic impact of the COVID-19 pandemic.

The package focuses on five key areas: economy, infrastructure, technology-driven systems, demography and demand. It aims to make India Atmanirbhar by promoting domestic production, increasing exports, and reducing the need for imports. The package includes tax reforms, ease of business, and investment in agriculture, manufacturing, and defence production sectors.

Benefits of Atmanirbhar Bharat Abhiyan:

The Atmanirbhar Bharat Abhiyan includes several benefits to promote self-reliance and economic growth in India. Some of the key features include:

Economical package: The package includes a total of Rs. 20 Lakh Crores in financial to help revive the economy and provide relief to various sectors affected by the COVID-19 pandemic.
Boosting domestic production and consumption: The package adds to promote the growth of domestic industries, such as tax incentives and subsidies for companies that produce goods and services in India.
Supporting micro, small, and medium enterprises (MSMEs): The package includes support for the growth of MSMEs, such as collateral-free loans and interest subvention.
Agriculture and Rural Development: introduced to support the agricultural sector by increasing crops’ minimum support price (MSP) and providing financial help to farmers.
Infrastructure development: The package for investment in infrastructure development, such as the construction of airports, seaports, and highways in the country.
Labour and Employment: The package includes support for labour and employment. Other schemes include Pradhan Mantri Rojgar Protsahan Yojana and the Garib Kalyan Rojgar Abhiyaan.

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Who is eligible for Atmanirbhar Bharat Abhiyan?

Eligibility announced under the Atmanirbhar Bharat Abhiyan will depend on the specific program or scheme. Still, it is generally introduced to benefit small and medium-sized businesses, farmers, and individuals affected by the COVID-19 pandemic.

Conclusion

In conclusion, the Atmanirbhar Bharat Abhiyan is a comprehensive economic package announced by the Indian government to boost economic growth. The program aims to support small and medium-sized enterprises, farmers and individuals affected by the COVID-19 pandemic.