#INTRODUCTION #20 LakhCrorePackage - There has been a lot of news about Corona virus and many news said that this impact the economy in many ways. It didn't just happen in India but there were many such countries where the Corona virus spread. Their economy was hit in many ways. Every country brought different stimulus packages so that the economic activities that the country forgets towards growth. Something happened in India along the same lines. As you know that the Prime Minister of India Shri Narendra Modi said that a stimulus package will be given in India.This package will be of 20 lakh crore to bring back liquidity and to give stimulus growth back so that the economic activity can start again and our country can go back to growth.
#MERIT # 20 LAKHCROREPACKAGE- The people targeted for this relief package are migrant workers, street vendors, small traders or self employed small farmers. The sector which would get the maximum boost is the agriculture sector. The object of # VOCAL FOR LOCAL is to spur growth and make a self reliant India. The initiative of the Government is names as #AatamnirbhrBharatAbhiyan which rest on 5 important pillars # Economy # Infrastructure # Technology # Democracy ( A Vibrant Democracy) # Demand.The intention of this package is to build local brand and take them to global values and chain integration and hence make India a # CONFIDENT INDIA who rest on its strengths and contribute to global. It focuses on factors of production like land, labour, capital and enterprise which are forecasted as land, labour, liquidity and law in this initiative. It addresses a number of issues related to compliance and relevance and provides ease to the business organization.
#CONCLUSION # 20 LAKHCRORE PACKAGE- The #GOI wants to shift the focus of manufacturing units on the production of PP mask and ventilators in 40 days and increase the capabilities of existing manufacturing units of these products and hence help the world. The # GOI have take total 15 measures to make this initiative victorious which includes 6 measures for business including MSME, 2 measures for Employees' Provident Fund, 2 measures for NBFC ( Non Banking Financial Company), Housing Finance Corporation and Microfinance Institutions, 1 measure for Discom, 1 measure for real estate and 3 measures for tax. Thus, it can be said that the # GOI has taken a number of measures which will provide to be an effective move towards a #SELF- SUFFICIENT #SELF-SUPPORTING #SELF SUSTAINING INDIA.