Question: Prime Minister in his address to the nation on May 12, 2020 called for Aatmnitbhar Bharat. What amount of special economic package was announced by him for the nation?
(a)15 lakh crore
(b)10 lakh crore
(c) 5 lakh crore
(d)20 lakh crore
Answer: (d)
Related facts:
- Prime Minister Narendra Modi addressed the nation on May 12, 2020 amid COVID-19.
- Atmanirbhar Bharat Abhiyan, a special economic package of Rs 20 lakh crore was launched by Prime Minister to tackle with the crisis of COVID 19.
- Major highlights of the address:
- Self-reliant India:
- Prime Minister observed that in order to fulfill the dream of making the 21st century India’s, the way forward is through ensuring that the country becomes self-reliant.
- Prime Minister remarked that the definition of self-reliance has undergone a change in the globalized world and clarified that when the country talks about self-reliance, it is different from being self-centered.
- Five pillars of a self-reliant India:
- He said that a self-reliant India will stand on five pillars viz. Economy, which brings in quantum jump and not incremental change; Infrastructure, which should become the identity of India; System, based on 21st century technology driven arrangements; Vibrant Demography, which is our source of energy for a self-reliant India; and Demand, whereby the strength of our demand and supply chain should be utilized to full capacity.
- Atmanirbhar Bharat Abhiyaan:
- Prime Minister announced a special economic package and gave a clarion call for Atmanirbhar Bharat.
- The package of of Rs 20 lakh crore, which is equivalent to almost 10% of India’s GDP.
- Prime Minister observed that the package will also focus on land, labour, liquidity and laws. It will cater to various sections including cottage industry, MSMEs, labourers, middle class, industries, among others.
Author: Himanshu Shukla
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