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On 12th May 2020, Honble Prime Minister Shri Narendra Modi announced a special comprehensive economic package to fight the COVID-19 pandemic in India. He gave a clarion call for AatmaNirbhar Bharat Abhiyan or a Self-Reliant India Movement. The Prime Minister also outlined five pillars of AatmaNirbhar Bharat Economy, Infrastructure, System, Vibrant Demography and Demand. Following the call of the Honble Prime Minister, Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman pres
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FAQ :
The Aatma Nirbhar Bharat Package was first announced by the Prime Minister on 12th May 2020, with subsequent details presented by the Finance Minister between 13th May and 17th May 2020. Further packages were announced on 12th October and 12th November 2020.
The Aatma Nirbhar Bharat Abhiyan, or Self-Reliant India Movement, was a comprehensive economic package announced to fight the COVID-19 pandemic and promote self-reliance in India.
The five pillars of Aatma Nirbhar Bharat are Economy, Infrastructure, System, Vibrant Demography, and Demand.
As of 4th December 2020, under the ECLGS, Rs. 2,05,563 crore has been sanctioned and Rs. 1,58,626 crore disbursed to over 80 lakh borrowers. The scheme has been extended to 31st March 2021, and the turnover limit has been removed.
The package includes Rs. 30,000 crore for additional emergency working capital for farmers through NABARD, and Rs. 2 lakh crore for concessional credit to 2.5 crore farmers via Kisan Credit Cards. Additionally, a Rs. 1 lakh crore Agri Infrastructure Fund has been launched.
Measures include a Rs. 18,000 crore additional outlay for Pradhan Mantri Awaas Yojana - Urban (PMAY-U), an extension of the Credit Linked Subsidy Scheme (CLSS) for the middle-income group until 31st March 2021, and an increase in the safe harbour limit for primary sale of residential units.
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