₹20 lakh crore package for “self-reliant” India |ForumIAS

ForumIAS LATEST

1. 1. FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
  2. CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
  3. Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →

News:Prime Minister has announced a special economic package worth 20 lakh crore rupees for an ‘Atma-Nirbhar Bharat’ or self-reliant India.

Facts:

Aim: To make India self-reliant (Atma-Nirbhar) by promoting business, attracting investment, cutting down import dependence and by strengthening Make in India.
The package includes earlier announcements made by the RBI and the government which together is equivalent to around 10% of India’s GDP.
Five Pillars for India’s Self Reliance: Economy, Infrastructure, Technology driven system, Vibrant demography and Demand.
Focus of the package: Land, Labour, Liquidity and Laws.
Target Areas: a) Cottage Industries b) MSMEs c) Labourers and Farmers d) Middle Class and e) Industry.