Rs 20 lakh crore Atmanirbhar Bharat Abhiyan: PM Narendra Modi’s mega economic push to make India world economic power


New Delhi: A day after interacting with chief ministers on methods to enhance economic exercise, Prime Minister Narendra Modi on Tuesday (May 12) introduced an economic bundle of Rs 20 Lakh crore, and added that this shall be 10 per cent of India’s GDP.

READ | Lockdown 4 to tackle coronavirus COVID-19 to have new norms and rules, details before May 18

PM Modi stated, “I announce a special economic package today. This will play an important role in the ‘Atmanirbhar Bharat Abhiyan’. The earlier announcements made by the government over COVID, decisions of RBI and today’s package comes to Rs 20 lakh crores. This is 10% of India’s GDP.” 

READ | Highlight of PM Narendra Modi’s speech | PM Modi quotes on economy, relief measures

In his fifth handle, together with a video message, to the nation, PM Modi stated: “Starting tomorrow, the finance minister will apprise you on details about the package meant to drive the country’s ‘Aatma Nirbhar Bharat Abhiyaan’.”

READ | Every big international brand was once local, time to be vocal for our products: PM

Watch video on PM Modi’s handle to the nation

He stated this shall be based mostly on land, labour, liquidity and legal guidelines to strengthen MSMEs in addition to strengthening the palms of labourers and farmers who toil arduous for individuals of the nation.

He additionally referred to 5 pillars for strengthening Economy, Infrastructure, System, Demography and Demand to meet the power of demand and provide. 

The Prime Minister stated, “India has turned a crisis into opportunity. India talks about self-reliance as Vasudhaiva Kutumbakam (the world is one family). India’s self-reliant is about comfort and peace of the entire world.” 

He added. “It is our responsibility as well as the duty to see that the 21st century belongs to India. We need to be self-dependent.”

He additionally knowledgeable that announcement about lockdown four shall be made earlier than May 18.

Earlier within the day, the PMO stated on Twitter, “Shri @narendramodi will be addressing the nation at 8 PM this evening.” He final addressed the nation on April 14.

In his digital meet with chief ministers on Monday, Modi stated the challenges are two-fold — discount of the transmission fee of the novel coronavirus and gradual enhance in public actions whereas adhering to all pointers.

The Prime Minister stated that the  Centre and states could have to work in the direction of reaching the dual goals, 

In his March 19 handle, he introduced a “Janta curfew” on March 22, and on March 24, he had introduced a 21-day nationwide lockdown, whereas on April 14, he had prolonged the lockdown interval until May 3. 

On April 3, in a video message, PM Modi requested the nation to mild lamps for frontline corona warriors on April 5, and the Union Home Ministry additional prolonged the lockdown until May 17.

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