Economic Survey Gives Neat And Complete Summary Of Atmanirbhar Bharat Abhiyan’s Boost To Industry And Infrastructure: Read Here

The Atmanirbhar Bharat programme was the name given to the central government's stated aims and policies of making India a self-reliant country.

Atmanirbhar Bharat 1.0

MSME sector

There were nine announcements made for MSME especially.

2. A further provision of Rs 20,000 crore of subordinate debt was made for MSMEs which were NPAs or were stressed.

3. The government also announced the setting up of a fund of funds with a corpus of Rs 10,000 crore that will provide equity funding support for the MSMEs. The targeted equity infusion here though was even higher at Rs 50,000 crore.

4. A new definition of MSMEs was given because many enterprises were previously wary of graduating out of the benefits of being a medium, small or micro enterprise.

5. For procurement by government, only domestic enterprises were allowed to apply for tenders upto value of Rs 200 crore.

6. All dues owed to MSMEs by government to be paid within 45 days; besides other measures.

8. Prompt payees of Mudra loans offered interest subvention. Total relief worth Rs 1,500 crore.

9. More ease of doing business reforms.

Power Sector

Real Estate Sector

Public Sector Enterprise Policy

In the first announcement under the Atmanirbhar Abhiyan, the government also said that it would 'announce a new coherent policy — where all sectors are open to the private sector while public sector enterprises (PSEs) will play an important role in defined areas'.

In other sectors, PSEs will be privatised (timing to be based on feasibility etc.)

Atmanirbhar Bharat 2.0

The most important announcement in the third tranche was that of production-linked incentives worth Rs 1.46 lakh crore that were provided to 10 sectors to boost domestic manufacturing.

Apart from this, Rs 18,000 crore of additional outlay for PM Awaas Yojana (PMAY) –Urban, was announced.

You can read the full chapter on industry and infrastructure here.