GoI announced Special scheme to boost domestic demand



Quick Summary
The Indian government has unveiled a special economic package and various reforms aimed at stimulating domestic demand and fostering inclusive growth. These initiatives include a substantial economic and comprehensive package under the Atma Nirbhar Bharat Abhiyan to counter the COVID-19 pandemic's impact, alongside Production Linked Incentive Schemes to bolster manufacturing. The Union Budget 2021-22 further supports economic development through six key pillars, with specific measures like the National Infrastructure Pipeline and support for social and core sector infrastructure.

It is a continuous endeavour of the Government to introduce schemes and reforms to promote Ease of Doing Business, increase investments GDP growth and providing boost to domestic demand with the ultimate objective of ushering in an inclusive growth and well-being of all the sections of the society.
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FAQ :

The main objective is to promote ease of doing business, increase investments and GDP growth, and provide a boost to domestic demand, ultimately aiming for inclusive growth and societal well-being.

The Atma Nirbhar Bharat Abhiyan included a special economic and comprehensive package announced in FY 2020-21 to combat the impact of the COVID-19 pandemic and revive economic growth, amounting to approximately Rs 27.1 lakh crore.

Key initiatives include the National Infrastructure Pipeline (NIP) of Rs 111 lakh crore, equity infusion into the National Investment and Infrastructure Fund (NIIF), a Bill for a Development Finance Institution (DFI), and a National Monetization Pipeline.

The government has notified an updated Viability Gap Funding (VGF) scheme, 'Scheme for Financial Support to Public Private Partnerships (PPPs) in infrastructure', to push social infrastructure and support core sector infrastructure.

Yes, states are being offered an interest-free 50-year loan of Rs 12,000 crore for capital projects, and employees can benefit from the LTC cash voucher and festival advance schemes.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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