Central Government Aatmnirbhar Bharat Abhiyan (Self Reliant India Campaign) by PM Modi – 20...

Aatmnirbhar Bharat Abhiyan (Self Reliant India Campaign) by PM Modi – 20 Lakh Crore Package

PM Narendra Modi in his address to the nation on 12 May 2020 has announced a new Aatmnirbhar Bharat Abhiyan 2020. In this Self Reliant India Campaign, the central govt. will lay special emphasis on economy growth, local production of goods, strengthening supply chain and raising demand of products. To make India a self reliant (aatmanirbhar) country, central govt. has announced an economic package of Rs. 20 lakh crore.

In his speech, Prime Minister Modi said that the central govt. will provide 20 lakh crore in 2020 (20 lakhs in 20-20). This package is inclusive of the already announced 1.7 lakh crore PM Garib Kalyan Yojana and 1.7 lakh crore package by the RBI. The main focus will be on making India a manufacturing hub as the country has youngest workforce.

This package is approx. 10% of the total Gross Domestic Product (GDP) of India. Now we are going to provide you the details of the self reliant India campaign such as 4 L’s factors, beneficiaries, sectors to benefit etc.

Table of Contents

India’s Aatmnirbhar Bharat Abhiyan 2020 by PM Modi

The outline and important details as mentioned by PM Narendra Modi in his address to the nation are only known till now. This economic package of Rs. 20 lakh crore under Atmanirbhar Bharat Abhiyan will have the various features.

Beneficiaries of Atmanirbhar Bharat Abhiyan

The following are the major beneficiaries of Atmanirbhar Bharat Abhiyan 2020:-

  • Shramik (Labourers / Workers)
  • Kisan (Farmers)
  • Daily Wage Earners
  • People who works for development of the country
  • Middle Class people who pay income tax to the government
  • Upper class people who gives strength to the economy

5 Pillars of Growth under Aatmnirbhar Bharat Abhiyan

There are 5 basic pillars for the growth of the Aatmnirbhar Bharat Abhiyan 2020:-1) Economy2) Infrastructure3) Our System4) Demography5) Demand and Supply Chain

Sectors to Benefit from Aatmanirbhar Bharat Abhiyan 2020

The following sectors would be immensely benefited from the Aatmnirbhar Bharat Abhiyan 2020:-A) Primary Sector: Agriculture Sector, Mining Sector, Fishing SectorB) Secondary Sector: Construction Sector, Manufacturing and Utilities, MSME (Micro, Small & Medium Enterprises), Cottage Industries etc.C) Service / Tertiary Sector: Retail, Tourism, Banking, Real Estate, Entertainment, Communication, Hospitality & leisure, IT services etc.D) Quaternary Sector: Public sector, Education, Research and development.

4 L Factors of Self Reliant India Campaign 2020

Here are the key factors which would be kept in mind to make 21st century of India. The main focus will be on the following four key factors (4 L’s):-

  1. Land
  2. Labour
  3. Liquidity
  4. Laws

The remaining details of the Aatmanirbhar Bharat Abhiyan will be released by Finance Minister Nirmala Sitharaman soon. We have to pledge to wear masks and maintain social distance.

The nation-wide Coronavirus (COVID-19) lockdown will continue. Lockdown 4.0 details would be released before 18 May 2020 and will have new rules as suggested by the state governments.