Central Government Aatma Nirbhar Bharat Abhiyan 2020 – 20 Lakh Crore Package for Self...

Aatma Nirbhar Bharat Abhiyan 2020 – 20 Lakh Crore Package for Self Reliant India Campaign

PM Narendra Modi in his address to the nation on 12 May 2020 has announced a new Aatma Nirbhar 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 (आत्मनिर्भर) 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 Aatmanirbhar Bharat Abhiyan 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 of Aatmanirbhar Bharat Abhiyan will be on making India a manufacturing hub as the country has youngest workforce.

This Aatma Nirbhar Bharat Abhiyan 2020 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 Aatma Nirbhar 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 Aatmanirbhar Bharat Abhiyan

The following are the major beneficiaries of Aatmanirbhar 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 Aatma Nirbhar Bharat Abhiyan

There are 5 basic pillars for the growth of the Aatma Nirbhar 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 Aatm Nirbhar 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.

Frequently Asked Questions (FAQ’s)

1) What is Aatma Nirbhar Bharat Abhiyan?

Aatma Nirbhar Bharat Abhiyan or Self Reliant India campaign is a new initiative of the Modi led Union government of India to make India self dependent. The main objective is to make India a manufacturing hub which is enable to meet its own requirements and produce it for others also. In simple words, India must become major exporter of goods and services rather than importer of things.

2) What are the main factors to be considered?

In this initiative, the govt. will focus on economy growth, infrastructure development, improvement in system, demography and demand-supply chain.

3) What is the assistance amount provided by the Modi govt.?

For this Aatmanirbhar Bharat Abhiyan, Indian govt. will provide assistance amount of Rs. 20 lakh crore for various sectors. This amount is approx. 10% of the total India’s GDP.

4) What is the need to start this Self Reliant India Campaign?

As the coronavirus pandemic crisis is ongoing, the world’s economy including India is on a slowdown and has witnessed great downfall. Major countries across the world are in lockdown to tackle COVID-19 spread. Indian government has also imposed a nation-wide lockdown in which all the industries, factories, shops are closed and so economy is on downfall. So to revive Indian economy amid COVID-19 crisis, govt. has decided to provide assistance under Self Reliant India campaign.

5) Is there any particular sector to benefit the most?

All the sectors as mentioned above would be benefited so that the entire Indian economy could get a boost. The main focus would be on improvement in land issues, labour, liquidity support and laws. This Atmanirbhar Bharat Campaign will put India’s economy back on track and would also lessen the risk of job loss.

6) Who would are the major beneficiaries of Aatma Nirbhar Bharat Abhiyan?

The farmers, labourers, construction workers, middle class people, public sector workers, upper class people and all those who works hard for growth of economy would be the major beneficiaries.