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National News

May 23, 2020

FM Nirmala Sitharaman says, Atma Nirbhar Bharat Abhiyan seeks to create sustainable demand base by augmenting employment opportunities

The Atma Nirbhar Bharat Abhiyan stimulus package of 20 lakh crore aims at providing the required relief to every sector under stress. Finance Minister Nirmala Sitharaman while interacting with BJP spokesperson Nalin Kohli on social media platform informed that government has instructed all Public Sector Banks to start disbursal of collateral free loans through the automatic route. 

She said, the series of announcements under the scheme also aim at creating a strong foundation for a hassle free economic operation throughout the country. The Finance Minister said, long pending issues of sectoral reforms have also been addressed.

Responding to a query regarding the fiscal outlay under the Atma Nirbhar Bharat Abhiyan, Ms Sitharaman said, the economic stimulus is not only restricted to handing out immediate cash to people but is also aimed at creating a sustainable demand base by augmenting employment opportunities. 

The Finance Minister also said that the Reserve Bank of India has also taken timely decisions to extend relief on market borrowing and moratoriums on loans. She said these decisions will ensure affordable liquidity in the market.

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