PM Modi set to release Rs 20 lakh crore package to revive the Indian economy

Aatm Nirbhar Bharat Abhiyan: PM Modi unveils Rs 20 lakh crore economic package with focus on self-reliance.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan'. The announcements made by the government over Covid-19, decisions of RBI and today's package totals to Rs 20 lakh crores. This is 10 per cent of India's GDP," PM Narendra Modi said in his address to the nation.

Addressing the nation for the fifth time since March, the prime minister said that the path for Indian economic



revival is self-reliance. PM Modi said that the financial package will help revive every branch of the economy - from demand, supply chain to manufacturing.

"To achieve self-reliance, the economic package focuses on land, labour, liquidity and laws," the PM said.

"The economic package will help cottage industries, home industry, small-scale industries, MSMEs, which are the means of livelihood for crores of people. This package is also for farmers, who toil in different weather conditions and for the middle class who pay their taxes on time," PM Modi said.