By S Adeeb Mujtaba Ali Main focus of aatma nirbhar bharat was to make a self-reliant nation focusing on local businesses (manufacturers and service providers). This was a vision to strengthen economic status of the company. Through this route, it was estimated that there would be less dependency on imports ( help in reduction of trade deficit) and boostup exports (help in trade surplus) which would help country to handle any crisis in future like covid-19 The PM's Aatma nirbhar bharat abhiyan youjna package focuses on Land , Labour , Liquidity and laws . Package Breakup : Source: elearnmarkets The sectors to be benefited are However, the drawbacks or shortcomings of this abhiyan are 1) Package focuses on indirect benefits. 2) No cash support but loans based 3) Loans are announced for Micro small and medium enterprises (MSMEs) 4) Bad loans issue faced by banking sector might affect the assets quality. 5) Increase in default rates mi...
Welcome to our blog. Read and enlighten.