Self-Reliant India (Aatmanirbhar Bharat)

Aatmanirbhar Bharat


Prime Mimister's Vision :-
   

  • Called for Self Reliant Movement.
  • Five pillars of Atmanirbhar Bharat includes-Economy, Infrastructure, System, Demography and Demand.
  • Special Economic and Comprehensive Package of Rs.20 lakh crores i.e. equal to 10% of India's GDP. 
  • Package to cater to various sections including Cottage Indusry, MSMEs, Labourers,Middle class, Industries, among others. 
  • Bold reforms across sectors will drive the country's push towards self-reliance.
  • It is time to become vocal for our Local products and make them Global.

The package announced by PM Modi is to essentially spur the growth and make India Self-Reliant. That is why is called Aatmanirbhar Package.

Businesses including MSMEs

1. Rs 3 lakh crores Collateral free Automatic Loans 
for Business, incl MSME

2. Rs 20,000 crore Subordinate Debt for MSMEs
3. Rs 50,000 cr equity infusion through MSME Fund of Funds

4. New definition of MSMEs

5. Global tender to be disallowed upto Rs 200 crores

6. Other interventions for MSMEs

7. Rs 2500 crores EPF support for Businesses and Workers for 3 more months

8. EPF contribution reduced for Business & Workers for 3 months- Rs 6750 crores

9. Rs 30,000 crores Liquidity Facility for 
NBFC/HCs/MFIs

10. Rs 45,000 cr Partial Credit Guarantee Scheme 2.0 for NBFC

11. Rs 90,000 cr Liquidity Injection for DISCOMs

12. Relief to contractors

13. Extension of Registration and Completion Date of Real Estate Projects under RERA

14. Rs 50,000 cr liquidity through TDS/TCS reductions

15. Other Direct tax Measures

16. Other Direct Tax Measures for 3 months- Rs 6750 crores


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