Aatma Nirbhar Bharat Abhiyan

The COVID-19 pandemic has posed a severe threat to the economy of the country. To overcome these testing times, Hon’ble PM Shri Narendra Modi has come up with Aatma Nirbhar Bharat Abhiyan that promotes the local economy. A special and comprehensive economic package of Rs 20 lakh crore that accounts for 10% of India’s GDP, has been announced to bring the economy back on track. Hon’ble Finance Minister Smt Nirmala Sitharaman further announced structural reforms across various sectors to pave the way for Aatma Nirbhar Bharat Abhiyan. Some major announcements in various have been listed below: MSME Sector Rs 3 lakh crore Collateral free Automatic Loans have been announced for businesses including MSMEs. Some welfare measures include: Rs 50,000 crore equity infusion through MSME Fund of Funds Reduction of EPF contribution for businesses and workers for 3 months Extension of the due date of all income tax returns for FY 2019-20 till Nov 30, 2020 Rs 45,000 crore Partial Credit Guarantee Schem...