Prime Minister Shri Narendra Modi announced ‘Atma Nirbhar Bharat Abhiyan’ while addressing the nation on May 12. The total amount allocated for the scheme is 20 lakh crore which is almost 10% of India’s GDP of 2019-20. The amount of 20 Lakh Crore INR will be allocated in order to compensate the economic loss amid the outbreak of coronavirus disease.
Features of the Scheme
Under the Atma Nirbhar Bharat Abhiyan the government of India will support key sectors of the economy like MSME,cottage industries,real estate etc.Also the government will extend the support for strengthening local markets and supply chains.
Benefits of Atma Nirbhar Bharat Abhiyan
Under the scheme special attention will be paid to the farmers,tax payers,MSME,cottage industries,labourers and also plans will be formulated to achieve the measures undertaken by RBI.
Vocal for Local
The transport sector got a major hit due to nationwide lockdown.During the time local supply chains were the most active tool which made the daily necessity available among the markets.Amid the coronavirus the local supply chain attracted the highlights as the country got some stands only because of local supplies.So it is not very surprising that local supply chains are among the major sectors under atma nirbhar bharat abhiyan.In this process the government will provide helping hands to strengthen not only the local supply chain but also the locally produced items.